Extra-legal devices or ruses/tricks that are used by late Muslim jurists to circumvent the rulings of shari’a (ahkam) in achieving…
A restructuring mechanism for sukuk in case of losing or distressed issuers or originators. A haircut involves agreement by sukuk…
Arabic (دين مؤجل) for debt (dayn) that need not be repaid before it falls due (i.e., on its maturity date). However,...
In Arabic wadi'ah yad dhamanah; a wadi’ah (deposit) in which the depositee (wade’e) is responsible to return its subject matter...
An asset that comes into existence when an Islamic bank provides finance to clients using a shari’a-compatible mode of financing...
A type of bay’ muna’aqid (enforceable contract of sale). By definition, it is a contract of sale (ba’i) that is…
A transaction that involves the sale (bay’) of an asset in the open market based on the process of bidding…
A sale (bay‘) in which both payment and delivery are deferred. In other words, it is the sale of a…
A credit sale which has a fixed term at the end of which the buyer has to pay the agreed…
Also ba'i al-salam. In Islamic finance, it refers to a type of sale in which payment for future-delivery goods is...