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Bay’ al-‘Arboun

A type of sale (bay') which is effected using down payment or advance money (arboun- عربون) with the condition that...

Bay’ al-Sifah

A type of sale (bay’) in which the transaction is effected based on detailed description of the object of sale....

Bay’ Alkali bil Kali

Arabic (بيع الكالئ بالكالئ) for a sale (bay') in which both payment and delivery are deferred. In other words, it...

Bay’ al-Muwasafah

Arabic (بيع المواصفة) for the sale (bay') of goods that have not been actually or constructively possessed by the seller....

Bay’ al-Subrah

Arabic (بيع الصبرة) for a type of sale (bay') in which a heap of grains or any other commodity (dates,...

Bay’ al-Istislam

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

Mubadala

An exchange of two counter-values (badalain) such as price for commodity (ba'i), currency for currency (sarf), price for usufruct (ijarah),...

Mubadalat al-Arbah

Arabic (مبادلة الأرباح) for profit rate swap. By definition, it is an Islamic swap that entails the exchange of a...

Mubadalah

An exchange of two counter-values (badalain) such as price for commodity (ba'i), currency for currency (sarf), price for usufruct (ijarah),...

MPO

An acronym for murabaha to the purchase orderer which is a murabaha transaction whereby the Islamic bank purchases an asset/...