A sale (bay‘) in which both payment and delivery are deferred. In other words, it is the sale of a…
A case of sale (ba’i) in which the buyer doesn’t haggle over the price (i.e., takes it as a given).…
Arabic (ربا غير مباشر) for indirect riba. It is a type of riba that arises from the simultaneous exchange of…
Arabic (ربا مباشر) for direct riba. It constitutes an increment that a lender receives over and above the principal amount…
Originally known in Arabic as tawarruq, it is a transaction whereby a person buys an asset/commodity from a seller on…
An Islamic fiqh term that is associated with the process of sulh al-ibra’ or discharge reconciliation. The creditor party accepts…
An Arabic word that carries the meaning of pretext, ploy, ruse, alleged reason, means, and so on. In Arabic script,…
A clause in a commutative contract (aqd mu’awadhah) that stipulates that an agreed amount of money shall be paid to…
Arabic (شبهة الربا) for potentiality of riba or suspicion of existing of riba in a transaction or dealing. In other…
A type of sale (ba’i) in which a lender sells a commodity to a borrower for more than its market…