Arabic (بيع باطل) for void sale (void contract/ transaction of sale). It is a type of ba'i (belonging to the...
A sale (bay') that involves the exchange of an asset for specified monetary units (the price/ thaman). With respect to...
It stands for additional tier-1 sukuk; the additional proceeds from a sukuk issuance that are used to enhance an entity's...
Arabic (بيع المراوضة) for the sale (ba’i) of goods that have not been actually or constructively possessed by the seller....
The risk that arises from failure or inability to comply with shari’ah rules and principles. Shari’ah non-compliance risk is part…
A murabaha contract between a purchaser and an investment agent (wakil bil istithmar) acting as mudarib or investment agent on…
A type of transaction that involves the sale (ba’i) of an animal’s embryo such as that of a cow, she-camel,…
Arabic (بيع الغرر) for aleatory sale transactions or sales with uncertain outcome. In other words, it is the sale of…
A modern application of murabaha in which Islamic banks purchase shares upon request from clients and sells them on a...
In the context of Islamic financial mua’amalat, an aqd lazim (عقد ملزم) refers to a valid and effective contract (aqd)...