The process of coming up with a new ruling (hukm) for which there is presently no specific illah or effective...
A type of sale (ba'i or bay') in which the price (thaman) is set equal to the original acquisition price...
Arabic (مثليات) for fungibles; items that are mutually interchangeable, i.e., the units of which are identical (in specifications/ features), and...
A type of sale (ba'i) in which the object of sale is not available at the contracting session (majlis al-aqd)...
Tawarruq is an Arabic word that literally means minted silver (al-wariq) or the act whereby some person seeks silver money....
A mode of trading (mutajarah) which involves the exchange of one asset for another without resorting to a medium of...
A type of murabaha (cost-plus sale) which is established on the basis of mark-up over the actual purchase price incurred...
A type of murabaha (cost-plus sale) in which the purchaser pays the agreed amount (price plus market-up) for the goods...
Arabic (بيع النسيئة) for a type of sale on credit (ba'i ajel) in which the price (thaman) is paid in...
Arabic (بيع الغرر) for aleatory sale transactions or sales with uncertain outcome. In other words, it is the sale of...