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Khiyar al-Majlis

A khiyar (option) which is conferred on each of the parties to a contract (aqd) allowing them to rescind it...

Khiyar al-Shart

A khiyar (option) that constitutes a condition stipulated in the contract. This option confers on the parties to the contract...

Khiyar al-Ruyah

A khiyar (option) whereby the buyer has the right either to consummate the contract of sale (aqd al-bai) or revoke it...

Ancillary Khiyar

A type of khiyar (option) that is embedded in, or associated with, an Islamic finance arrangement (contract). By nature, the...

Product Khiyar

A type of khiyar (option) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...

PFX-i

A financial instrument (promissory FX) that contains an unconditional promise by one party to enter into a foreign exchange transaction...

Khiyar

An option or the right of choice which is given to either party (or both parties) or to a third...

Khiyar al-Radd bil Aib

Arabic (خيار الرد بالعيب) for an option (khiyar) to return an object of sale to the seller due to defect...