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Word of the Day
An order sale used mainly in financing assets that are under construction
No. Arabic Term English Term Literally English
1 Ba'i the seller -The Seller
2 Badal Compensation Literally: a substitute of one thing for another.
3 bai' 'inah 1. contract of sale and purchase of an asset whereby the seller sells to buyer in cash and subsequently buys back the asset at a marked up deferred price.

2. contract of sale and purchase of an asset whereby the seller sells to buyer at a deferred price and subsequently buys back at a lower cash price.
4 bai' al-kali bi al-kali' Sale of debt for a debt
5 bai' al-murabahah li al-amir bi al-syira' Murabahah to the purchase orderer
6 Bai' bithaman ajil A contract of sale and purchase of an asset in which the payment of price is preferred and paid in instalment within an agreed period of time. The selling price includes profit.
7 Bai' murawadhah Refer bai' mu'athah
8 Bai' mu`athahBai' mu'athah A contract of sale and purchase of an asset in which the contracting parties agreed on the exchange of the asset and the price without verbal or written ijab and qabul.
9 bai' salam Salam means a contract in which advance payment is made for goods to be delivered later on. The seller undertakes to supply some specific goods to the buyer at a future date in exchange of an advance price fully paid at the time of contract
10 bai' wafa' A conditional contract of sale and purchase on an asset in which the buyer would return the asset to the seller if the seller refund the price to the buyer.
11 Bakhs Shortchanging Literally: to undervalue something unjustly. Allah, the Exalted, says: ﴿وَلاَ تَبْخَسُواْ النَّاسَ أَشْيَاءهُمْ﴾ “And do not withhold things justly due to people” Surah al-A’raf (7):85, Surah Yunus (11):85, and Surah al-Shu’ara’ (26):183. Ibn al-’Arabi said the word means to cheat by finding fault or under- or overvaluing or by increasing or decreasing the measure.
12 Bay' 'ala bay' al-ghayr Third Party Intervention in Sale Negotiations n/a
13 Bay' al-'araya An Exceptional Contract for Barter in Dates Literally: 'araya is the plural of the Arabic word 'uryah, which refers to a palm tree whose dates are given to a needy person for a fixed period of time.
14 Bay' al-bara' As-Is Sale Literally: al-bara' means to get out of something or leave it.
15 Bay' al-dayn bil dayn Sale of Debt for Debt Literally: dayn is any future liability. A debt is an obligation or liability incurred by a person as a result of an exchange contract or loan or by causing damage to the property of others property whether in the form of money or something else.
16 Bay' al-Fuduli & Hibat al-Fuduli Sale by an unauthorized agent and Gift n/a
17 Bay' al-hadir lil badi The Sale of a City-Dweller on Behalf of a Bedouin Literally: al-hadir is a resident of a city or a village, while al-badi (Bedouin) is a desert dweller.
18 Bay' al-hasah Random Sale Literally: al-hasah means a pebble.
19 Bay' al-ikhtiyar Optional Sale Literally: al-ikhtiyar means selecting or choosing.
20 Bay' al-istighlal Sale of Usufruct Literally: al-istighlal: taking advantage of something e.g., its yield. Yield (al-ghallah) is the income from crops, fruit, milk, proceeds of leasing and offspring of livestock.
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Source: ISRA Compendium 2010