Al Bai Bithaman Ajil Concept

This particular contract has become exceedingly popular in the islamic banking context as will be explored later.

Al bai bithaman ajil concept. The deferred payment sale contract would include all the terms and conditions present in bai al mu ajjal. Bai bithaman ajil is a deferred payment sale which works like a murabahah contract but with payment generally made on a deferred basis. A deferred payment sale where the payment is made in a single installment is called bai bithaman ajil. A contract that refers to the sale and purchase transaction for the financing of assets on a deferred and an installment basis with a pre agreed payment period.

The sale of goods on a deferred payment basis.