A murabaha contract between a purchaser and an investment agent (wakil bil istithmar) acting as mudarib or investment agent on…
The object of a salam contract which is exchanged for the price (thaman or ras-ul-mal). It is the commodity or…
A type of bay’ al-gharar in which the object of sale or the price (thaman) is unknown, or in the…
Arabic (بيع السنين) for a type of sale (ba’i) in which the underlying object is an agricultural produce (such as…
Arabic (إقالة العقد) for the revocation of a contract (aqd) (which is, nevertheless, a valid contract) by mutual agreement of...
Arabic (مجلس العقد) for contracting session or contract assembly or meeting or place. It is anywhere two parties or more…
Arabic (دين مشترك) for debt (dain) that arises from one transaction or engagement whereby it is owed to two or…
A type of sale (ba'i or bay') in which the price (thaman) is set equal to the original acquisition price...
Arabic (بيع النسيئة) for a type of sale on credit (ba'i ajel) in which the price (thaman) is paid in...
The sale of a monetary amount (thaman or naqd) in exchange for another monetary amount (thaman or naqd). More specifically,...