A bill of exchange which is drawn on or by a bank, payable at some preset future date, to securitize...
A shar'iah-compliant equivalent to conventional call option. The call option gives the holder the right, without the obligation, to buy...
A shari'ah compliant investment product that derives its value from one underlying asset or more. It provides the holder (the...
A collateralized debt obligation (CDO) that is structured in a way compliant with shari'ah rules and principles. The pool (reference...
An option (khiyar/ khayar) which entitles the buyer (in a contract of sale, aqd al-ba’i) to proceed with the contract...
Ijarah sukuk (singular: ijarah sakk) are certificates of equal value which are issued by the owner of an existing property...
From the Arabic term "ba'i al-istighlal". According to latter-day Hanafi scholars, it is a type of sale (ba’i) in which...
An agreement (ijarah) that incorporates the sale of the leased asset (in an ijarah contract) at the end of the...
English for ba'i al-inah (also ba'i al-einah); a contract that involves the sale and buy back of an object (commodity,...
The transfer (assignment/ hawala) of debt from one party (the debt transferor, or muheel) to another (the payer, debt obligor...