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Ba’i al-Taljiah

A type of fictitious sale (ba’i souri) which is made to serve a temporary purpose. In ba’i al-talji’ah the seller…

Ba’i al-Munajashah

Arabic (بيع المناجشة) for a type of impermissible sale (ba’i muharram) whereby a person (fake bidder/ ghost bidder/ phantom bidder)…

Bay’ Nafidh 

A type of bay’ muna’aqid (enforceable contract of sale). By definition, it is a contract of sale (ba’i) that is…

Bay’ Al-Muzayadah

A transaction that involves the sale (bay’) of an asset in the open market based on the process of bidding…

Bay’ Alkali bil Kali

A sale (bay‘) in which both payment and delivery are deferred. In other words, it is the sale of a…

Ba’i Bil Nasi’ah

A credit sale which has a fixed term at the end of which the buyer has to pay the agreed…

Ba’i al-Salaf 

Also ba'i al-salam. In Islamic finance, it refers to a type of sale in which payment for future-delivery goods is...

Ba’i al-Mawquf 

A type of sale (ba’i) which is lawful in substance and description but is concluded by, or with the intervention/consent…

Ba’i al-Isti’man

A case of sale (ba’i) in which the buyer doesn’t haggle over the price (i.e., takes it as a given).…

Bay’ al-Salaf

Another name for bay al-salam; by definition, it is a type of sale (bay’), which is an exception to the…