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Definition of

bai al-bithaman ajil


installment sale of goods arranged by bank in Islamic financing, a sale of goods in which a bank purchases the goods on behalf of the buyer from the seller and sells them to the buyer at a profit, allowing the buyer to make installment payments.

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Definitions of ’bai al-bithaman ajil’ and meaning of ’bai al-bithaman ajil’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’bai al-bithaman ajil’ and other financial terms with our online QFINANCE Financial Dictionary.

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