Glossary

A B D F G H I J K M N Q R S T U W Z
There are 7 names in this directory beginning with the letter B.
Bai
A 'sale' or 'contract of sale'.

Bai Bithaman Ajil
The sale of goods on a deferred payment basis.

Bai Mu’ajjal
A credit sale or deferred payment contract.

Bai salam
The sale of a commodity that will be delivered at a future date for a specific price paid in advance. In other words, it is a financial transaction (literally an upfront-payment forward sale) whereby price is paid in cash at the date of contract to the seller who pledges to deliver the commodity according to the specifications set out in the contract.

Bai Wafa
A buy-back, sale and repurchase.

Batil
Invalid sale or contract.

Bay'al Ayan
The sale of tangible assets, as opposed to sale of services or rights.