Shariah – Page 25 – Fincyclopedia

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Bay’ al-Muwasafah

Arabic (بيع المواصفة) for the sale (bay') of goods that have not been actually or constructively possessed by the seller....

Bay’ al-Subrah

Arabic (بيع الصبرة) for a type of sale (bay') in which a heap of grains or any other commodity (dates,...

Bay’ al-Istislam

A case of sale (bay’) in which the buyer doesn’t haggle over the price (i.e., takes it as a given)....

Contractual Partnership

In Arabic (شركة العقد)- sharikat al-aqd- a type of sharikah (partnership) that is formed by means of mutual agreement between...

Mubadala

An exchange of two counter-values (badalain) such as price for commodity (ba'i), currency for currency (sarf), price for usufruct (ijarah),...

Mubadalat al-Arbah

Arabic (مبادلة الأرباح) for profit rate swap. By definition, it is an Islamic swap that entails the exchange of a...

Mubadalah

An exchange of two counter-values (badalain) such as price for commodity (ba'i), currency for currency (sarf), price for usufruct (ijarah),...

Fair Value

The monetary amount for which an asset could be exchanged or a liability/ obligation could be settled between well informed,...

Face Value

The principal amount of an instrument (sukuk), a debt (qard, zhemam or receivables, etc), or an account (deposit). For example,...

Fungibles

Items that are mutually interchangeable, i.e., the units of which are identical (in specifications/ features), and if destructed will be...