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Kafalat Al-Dayn

A type of guaranty (kafalah) that involves the credit enhancement of a liability. According to the Hanbali and Shafi’e schools…

    Bay’ al-Majhul

    A type of bay’ al-gharar in which the object of sale or the price (thaman) is unknown, or in the…

      Ba’i al-Khiyar

      A contract of sale (ba’i) that is embedded with an option (khiyar), granting either party the right to rescind the…