partnership (مشاركة) and investment partnership (مضاربة) are not practical for every need. Other contracts may therefore be used where appropriate, including cost-plus sale (مرابحة), leasing (إجارة), advance-purchase sale (سَلَم) and manufacturing/construction contract (استصناع).
Key terms:
• cost-plus sale (مرابحة): a sale with disclosed cost and agreed profit.
• leasing (إجارة): leasing or hiring of an asset or service.
• advance-purchase sale (سَلَم): a special forward sale with advance payment.
• Istisna‘: a contract for manufacturing or construction.