Arabic (مصلحة) for a juristic device that is usually used to promote public interest/ benefit/ welfare and prevent or repel...
Arabic (مصلحة مرسلة) for unregulated/ unattested public interest (maslahah a'ammah) for which there is no textual authority/ reference (source of...
In Islamic finance, bilateral undertaking, or muwa'adah (مواعدة) in Arabic, refers to a promise which is issued by a counterparty...
A non-compensatory contract in which a property (or any form of wealth) is donated by one party to another against...
Arabic (بيع المتاجرة) for a type of sale (ba’i) whereby an Islamic bank sells goods on credit to a customer....
An Arabic term (بيع المساومة) that denotes “bargaining sale”. It is a type of sale (ba’i) in which the seller...
Arabic (بيع المصراة) for a manipulative transaction which involves the sale (ba'i) of a cow, she-goat, or ewe, with its...
Arabic (مقاصد الشريعة) for the higher purposes of Islamic shari'ah or simply for objectives of shari'ah. Maqasid al-shari'ah constitute the...
A murabaha transaction whereby the Islamic bank (murabaha seller) purchases an asset/ commodity, upon the request of a customer (purchase...
A contract of sale (bay') in which goods are sold on a deferred payment basis. An Islamic bank buys equipment...