Bai’ al-Inah (Sell and Buy Back Agreement)
Bai’ al-’Inah is a contract of sale and purchase of an asset whereby the seller sells to buyer and subsequently buys back the asset from the same buyer.

Bai’ al-Salam (Sale by Order)
Bai’ al-Salam is a sale by order whereby, the payment is made entirely on cash term but the delivery of the asset sold is deferred to a specified time in future.

Bai’ Bithaman Ajil (BBA) (Deferred-Payment Sale)
Bai’ Bithaman Ajil is a contract of sale and purchase of an asset in which the payment of price is deferred and paid in instalment within an agreed period of time. The selling price includes profit.

Bai’ Dayn (Debt Trading)
Bai’ al-dayn is defined as trading (buying and selling) of debt whereby the debt traded is the price of an asset or the payment for a service, the payment of which is deferred to a specified time.

Hibah (Gift)
Hibah is an act of transferring of ownership of an asset or usufruct without an exchange of counter value during the lifetime of the transferor

Ibra’ (Rebate)
Ibra’ or release contract where a creditor surrenders his right to claim on a debt either partially or in full. Normally it is given for early settlement of debt. Two of the most important characteristics of Ibra’ are; the amount of Ibra’ must be known and specified and when the Ibra’ is given and accepted it is forbidden and invalid for the party who gives to withdraw it.

Ijarah (Leasing)
Ijarah or lease, which is also known as Bai’ Manfa’ah or sale of usufruct. It means selling of usufruct or usage or services.. This includes leasing of property such as machinery, real estate, aircraft, ship, etc over a specified period against a specific price.

Istisna’ (Sale by Order/ Construction Financing)
Istisna’ or purchase order contract of assets whereby a buyer will place an order to purchase an asset that will be manufactured in the future. In other words a buyer will require a seller or a contractor to deliver or construct the asset that will be completed in the future according to the specifications given in the sale and purchase contract. Both parties to the contract will decide on the sale and purchase prices as they wish and the settlement can be delayed or arranged based on the schedule of the work completed.

Mudharabah (Profit-Sharing)
Mudharabah is a joint venture between the owner of the capital and an entrepreneur who provides the enterprise. Any profit generated from the project is to be shared by both parties according to the agreed ratio and any loss incurred is to be borne by capital providers only.

Murabahah (Cost-Plus Sale)
Murabahah or cost plus sale whereby the seller purchases a merchandise from a trader in order to sell it to his buyer at cost plus a reasonable profit which is made known to the buyer. Deferred payment terms may be agreed for the payment of the sale price.

Musyarakah (Profit and Loss-Sharing)
Musharakah is a partnership contract between two or more individuals or bodies, each contributing capital, and profit is shared at different levels of profit ratio, while loss is shared according to the capital contributed by the partners.

Sukuk (Securities)
Shariah-compliant financial notes.

Ujrah (Fee)
Ujrah is a service fee. It could also refer to payment in exchange for usufruct of a property or services rendered.