Glossary
of Capital Market Terms
Bai Bithaman Ajil (BBA)
A contract which refers to the sale and purchase transaction for the financing of assets on a deferred and instalment basis with a pre-agreed payment period. The sale price will include a profit margin.
Bai al-Salam
A contract whereby payment is made in cash at point of contract but delivery of asset purchased is deferred to a pre-determined date.
Bear
One who expects a general depreciation in the value of securities or commodities or in a particular security or commodity traded on an exchange or over -the – counter.