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Either-Or Option

An option (khiyar/ khayar) which entitles the buyer (in a contract of sale, aqd al-ba’i) to proceed with the contract...

Khiyar al-Ghubn

A khiyar (Islamic option) that confers on either party to a commutative contract (e.g., contract of sale, ijarah, etc) the...

Islamic Currency Option

An Islamic finance treasury arrangement that an Islamic bank and a counterparty enter into for the purpose of foreign exchange...

Islamic Option

An Islamic finance alternative to option contracts (conventional options). By definition, it is a shari'ah compliant form of contract which...

Khiyar al-Istihqaq

A khiyar (option) which comes into effect if the buyer becomes entitled to the whole object of sale or part...

Khiyar al-Naqd

A special case of khiyar al-shart (condition option), which comes into effect if the parties to the contract of sale...

Khiyar al-Tadlis

A type of khiyar (Islamic option) which is given to the buyer so that if the seller has glossed over...

Khiyar al-Khiyanah

A khiyar (option) that comes into effect when the buyer, in a trust sale (ba’i al-amanah) finds out that the...

Khiyar al-Khiyana

A khiyar (option) that comes into effect when the buyer, in a trust sale (ba’i al-amana) finds out that the...

Khiyar al-Tadlees

A type of khiyar (Islamic option) which is given to the buyer so that if the seller has glossed over...