Tag: instrumen kewangan islam

Sep 13

Mu’amalat Terminologies – Part 1

Sale and purchase (bay’) are the most frequent commercial transactions practiced by us. According to Islamic commercial laws (fiqh al-mu’amalat), there are several types of sale transactions, which are further explained below: BAI’ AL-URBUN – A sale agreement in which a security deposit is paid in advance as part payment towards the price of the …

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