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Home > QFINANCE Dictionary > Definition of bai muajjal

Definition of

bai muajjal


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.

Related definitions of "bai muajjal"

Recommended Further Reading (Term count)
  • The Emergence and Development of Islamic Banking
    by Umar Oseni, M. Kabir Hassan
    As an alternative banking system, Islamic banking emerged in the global landscape with the advent of Islam. This form of interest-free banking has developed over a long period of time with the introduction of new products in the industry. The crystallization of interest-free banking based on Islamic legal principles has won a positive global image for Islamic banking in the modern world. The underlying philosophy in Islamic banking is to...

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

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