Mudarabah is a form of sharakah (partnership) in profit (ribh) whereby one party (rab al-mal) provides capital and the other…

Arabic (ناظر الوقف) for the manager of waqf (Islamic endowment); the custodian of an endowment (waqf) who undertakes responsibility for…

From a shari’a perspective, it is permissible to leave a pledged asset, with respect to a credit transaction, in the…

The capital that is provided by rab al-mal in a mudaraba contract. Put another way, it is the amount of…

Shari’a holds the center stage of Islamic religion as it defines the route Muslims have to follow in matters of…

The right (haqq) to a service that is held by the service purchaser. Examples of services include education, travel, transportation,…

A European futures option that grants the holder the right, without the obligation, to buy the underlying futures contract. The…

An option that allows the holder to take either a long and or short credit position so as to hedge…

An option to sell or buy an ETF before a certain date at a set price. Unlike other types of…

A situation that arises when a sale is concluded over a previous sale. More specifically, it is the case when…