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“Bai al-Sarf” is a contract of exchange of:

“Bai al-Sarf” is a contract of exchange of:

  • (A) Goods for goods
  • (B) Goods for money
  • (C) Money for goods
  • (D) Money for money
Bai al-Sarf is a form of Islamic financial contract that primarily deals with the exchange of one currency for another. In Islamic law, the word "money" or "currency" refers not only to the paper money that people use today, but also to the traditional forms of wealth such as gold and silver. This form of contract is mostly used for FOREX business and for the exchange of gold and silver.
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 ‘NATO’ is an abbreviation of:

March 18, 2026 No Comments
  • (A) North Atlantic Treaty Organization
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  • (C) Non-Aligned Trading Organization
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