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Rokn

Arabic (ركن) for one of the pillars/ elements/ cornerstones of a contract (aqd– عقد). The primary arkan (pl. of rokn)…

    Rukn

    Arabic (ركن) for one of the pillars/ elements/ cornerstones of a contract (aqd- عقد). The primary arkan (pl. of rukn)...

      Promise To Sell

      English for al-wa’ad bil ba’i/ bai’/ bay’ (الوعد بالبيع). It is usually embedded in exchange-based contracts (uqud al-mua’wadhah) such as…

        Bay’ al-Majhul

        A type of bay’ al-gharar in which the object of sale or the price (thaman) is unknown, or in the…

          Uqud al-Muawadhah

          Arabic (عقود المعاوضة) for commutative contracts (contracts of exchange: exchange transaction). A type of contracts (uqud- plural of aqd) whereby...