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Ba’i al-Mubadalah

A type of sale (ba'i) that involves the exchange of one commodity for another without using a medium of exchange...

Profit-Sharing Investment Account

An investment account with an Islamic financial institution (IFI) (or broadly, a portfolio or fund) is managed by the institution...

PSIA

It stands for profit-sharing investment account; an investment account with an Islamic financial institution (IFI) (or broadly, a portfolio or...

Ba’i al-Thanaya

A term (بيع الثنايا) which is used by Maliki fuqaha to denote ba'i al-wafa. It is a sale in which...

Ba’i al-Munabazhah

A type of sale (ba’i) that was particularly prevalent in the days of early Islam and pre-Islam, where a person...

Badal al-Khuluw

The compensation (badal) that is paid by a landlord to a tenant against having the leased property vacated from the...

Ba’i al-Khulu

A form of sale (ba'i) in which the subject matter (mahall) is a right or concession to utilize some property...

Badal

The counter-value in a commutative contract (an exchange-based contract or a barter exchange). In other words, it may refer to...

Badal al-Khulu

The compensation (badal) that is paid by a landlord to a tenant against having the leased property vacated from the...

Murabaha lil Waaed bil Shira

An Arabic term (المرابحة للواعد بالشراء) that translates as murabaha to the purchase orderer (or wa'aed- the promisor or provider...