Shariah – Page 30 – Fincyclopedia

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Bay’ al-Khiyar

Arabic (بيع الخيار) for a contract of sale (bay’) that is embedded with an option (khiyar), granting either party the...

Bay’ al-Ikhtiyar

According to Malikis, it is a sale (bay’) in which the buyer has the option to choose one from among...

Ba’i al-Hadher lil Badi

Arabic (بيع الحاضر للبادي) for a type of sale (ba’i) in which a city-dweller (al-hadher) sells on behalf of a...

Taskeek

The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...

Murabahah to the Purchase Orderer

A murabaha transaction wherein the Islamic bank purchases an asset/ commodity, upon the request of a customer, from a third-party...

Murabaha Syndication Transaction

A murabaha transaction between a purchaser and an investment agent (wakil bil istithmar) acting as mudarib or investment agent on...

Murabaha Commissions and Expenses

An Islamic bank or financial institution entering into a murabaha transaction as a financier (actually both as a seller and...

Murabaha lil Amer bil Shira

An Arabic term (المرابحة للآمر بالشراء) which translates as murabaha to the purchase orderer. It is a murabaha transaction wherein...

Hiyazah

Arabic (حيازة) for the holding or acquisition of an object, usually a commodity, asset, currency, etc, for a specified or...

Touch Sale

A type of sale (bay’) that was particularly popular in the days of early Islam and pre-Islam, where the buyer...