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31 March 2020: Coronavirus Update. The situation is fast moving and we are continuing to monitor the global situation and its impact on our members, staff, exam candidates, students and the profession. More information for Members and Students in My CIMA.

Glossary of terms and contracts (Arabic – English)

  • Bancassurance

    Insurance offered or marketed through banks instead of through insurance branches or agents.

  • Bancatakaful

    Takaful offered or marketed through banks instead of through takaful branches and agents.

  • Bay’ [bai’]

    Sale

  • Bay’ al-dayn

    The sale of debt.

  • Bay’ al-Inah

    Sell and buy-back to obtain cash.

  • Bay’ al-murabahah

    Sale of a commodity at cost price plus a known profit.

  • Bay’ al-tawliyah

    Sale at cost without profit or loss.

  • Bay’ al-wadiah

    Sale below the cost price or at a discounted price.

  • Bay’ mu’ajjal

    Deferred payment sale.

  • Bayt al-mal

    Government treasury.

  • Bulugh

    Physical puberty.