Arabic (عكس العينة) for reverse sale and buy-back; a form of einah sale (بيع العينة) in which a commodity is sold...
An excessive degree of gharar that renders a contract or transaction void from a shari'a point of view. Gharar represents...
Arabic (مخارجة) for a composition that is entered into by joint heirs to property, whereby some waiver their shares in...
The price or monetary amount of an object of sale (tangible like commodities or intangible like services), i.e., what is...
A shart (condition) in a commutative contract that leads to an impressible outcome (haram). For example, a shart batil may...
A type of sale (ba'i) which is lawful in substance and description but is concluded by, or with the intervention/...
An interest-free loan (fungible, marketable wealth) that is extended by a lender to a borrower on the basis of benevolence...
A form of prohibited sale (bay' batil) in which a person or group of persons connive with a seller to...
A general shari'ah maxim that all commercial and financial activities are originally permissible by the primary sources of shari'ah, unless...
An Arabic term (البيع الآجل) denotes refers to sale on credit or credit sale. By definition, it is an Islamic...