The process of coming up with a new ruling (hukm) for which there is presently no specific illah or effective...
A type of sale (ba'i or bay') in which the price (thaman) is set equal to the original acquisition price...
Arabic (مثليات) for fungibles; items that are mutually interchangeable, i.e., the units of which are identical (in specifications/ features), and...
A contract (aqd) that is contingent upon the occurrence of an event whose result or monetary effect is unknown as...
In Islamic fiqh, fadhalah (or fadalah) refers to the act(s) of al-fodhouli (al-fuduli), i.e., a person (natural or legal) who transacts (e.g. sells, rents, etc)...
In Islamic fiqh, fadhalah (or fadalah) refers to the act(s) of al-fodhouli (al-fuduli), i.e., a person (natural or legal) who transacts (e.g. sells, rents, etc)...
A type of sale (ba'i) in which the object of sale is not available at the contracting session (majlis al-aqd)...
Tawarruq is an Arabic word that literally means minted silver (al-wariq) or the act whereby some person seeks silver money....
A mode of trading (mutajarah) which involves the exchange of one asset for another without resorting to a medium of...
A type of murabaha (cost-plus sale) which is established on the basis of mark-up over the actual purchase price incurred...