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Business Sukuk

A classification of sukuk, from the perspective of sukuk-holders, where the underlying in the sukuk instrument is a business whose...

Ba’i al-Hatitah

A sale (ba'i) where the seller parts with the underlying goods for less than the principal amount or the original...

Ba’i al-Hatita

A sale (ba'i) where the seller parts with the underlying goods for less than the principal amount or the original...

Bankruptcy

In Arabic iflas (إفلاس). In general, it is a situation when a person runs short of funds. The bankrupt person…

Ba’i Ilqa’ Al-Hajar

A type of sale (ba’i), prevalent in pre-Islamic times, in which the object of sale was determined as the one…

Bayt Al-Mal

Arabic (بيت المال) for public treasury; the place where the State of Islam (particularly, early Islam) kept its public wealth…

Bay’ Al-Ghayib

A type of sale (bay’) in which the object of sale is not available at the contracting session (majlis al-aqd)…

Bankruptcy

In Arabic iflas (إفلاس). In general, it is a situation when a person runs short of funds. The bankrupt person...

Borrowed Pledge

A pledge (rahn) in which the posted asset, in association with a credit transaction, can be provided by a third…

Ba’i al-Fodhouli

Al-fodhouli is a person who intervenes or interferes in others’ affairs without being invited or called on (out of curiosity).…