The compensation (badal) that is paid by a landlord to a tenant against having the leased property vacated from the...
An Arabic term (المرابحة للواعد بالشراء) that translates as murabaha to the purchase orderer (or wa'aed- the promisor or provider...
Arabic (بيع الخيار) for a contract of sale (bay’) that is embedded with an option (khiyar), granting either party the...
According to Malikis, it is a sale (bay’) in which the buyer has the option to choose one from among...
Arabic (بيع الحاضر للبادي) for a type of sale (ba’i) in which a city-dweller (al-hadher) sells on behalf of a...
The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...
Plural of nazelah; nazelah (نازلة ونوازل) is a new occurrence that requires a new shari'ah ruling (hukm) or nomination (takyeef)....
A murabaha transaction wherein the Islamic bank purchases an asset/ commodity, upon the request of a customer, from a third-party...
A murabaha transaction between a purchaser and an investment agent (wakil bil istithmar) acting as mudarib or investment agent on...
An Islamic bank or financial institution entering into a murabaha transaction as a financier (actually both as a seller and...