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Aks al-Inah

Arabic (عكس العينة) for reverse sale and buy-back; a form of inah sale (بيع العينة) in which a commodity is sold...

Al-Muslam Fihi

The object of a salam contract (aqd al-salam) which is exchanged for the price (thaman or ras-ul-mal). It is the...

Rate of Return Risk

With respect to unrestricted investment account (URIA) holders, it is the risk facing an Islamic bank or financial institution (IFI)...

Restricted Mudaraba

Originally taken from Arabic "mudaraba muqayyada" ; a mudaraba contract that is used in conjunction with restricted investment accounts (RIAs),...

Ba’i al-Muajjil

A type of sale on credit (ba'i ajel) in which the price (thaman) is paid in full at a future...

Innominate Contract

A class of contracts to which shari’a neither assigned specific names nor handled in details their respective rules and stipulations....

Aks al-Einah

Arabic (عكس العينة) for reverse sale and buy-back; a form of einah sale (بيع العينة) in which a commodity is sold...

Unnamed Contract

A class of contracts to which shari’a neither assigned specific names nor handled in details their respective rules and stipulations....

Named Contract

A class of contracts to which shari’ah has assigned specific names and handled in details their respective rules and stipulations....

Nominate Contract

A class of contracts to which shari’ah has assigned specific names and handled in details their respective rules and stipulations....