A type of sukuk structure (hybrid securities) in which sukuk certificates give the sukuk holders a contingent right to convert…

Arabic (بيع الخيار) for a contract of sale (ba’i) that is embedded with an option (khiyar), granting either party the...

A wakalah contract (aqd al-wakalah) that is binding on either party or both (wakalah mulzimah). While wakalah is essentially not…

It stands for commercial paper, which is a written instrument that constitutes short-term obligations with maturities ranging from 2 to…

A type of fictitious sale (ba’i souri) which is made to serve a temporary purpose. In ba’i al-talji’ah the seller…

Arabic (بيع المناجشة) for a type of impermissible sale (ba’i muharram) whereby a person (fake bidder/ ghost bidder/ phantom bidder)…

It stands for commercial paper, which constitutes unsecured, short-term notes that are sold on a discount basis either indirectly (through…

Arabic (موقوف) for waqf assets/ properties. In other words, mawqoof constitutes assets/ properties dedicated by the waqf donor/ waqf founder…

A liability that includes all debts that fall due within one year or during a firm’s operating cycle. Namely, current…

Arabic (موقوف) for waqf assets/ properties. In other words, mawqoof constitutes assets/ properties dedicated by the waqf donor/ waqf founder…