Arabic (عقد مضاف إلى المستقبل) for a contract (aqd) which comes into effect at a specific date in the future.…

Arabic (عقد التمليك) for contracts (aqd) that entails acquisition (or transfer) of ownership (mulkiyyah). This involves properties and rights (huquq)…

An interest rate swap (IRS) whose maturity doesn’t exceed 2 years. A short-term interest rate swap (STIRS) involves the settlement…

When a call option is exercised, it is said, then, to have been called. For an option on a physical…

A bond that is issued by a private nonprofit entity such as a hospital, school, church, etc. Typically, an issuer…

The act or process of taking risk, whether intentionally or unintentionally. In its juristic sense, mukhatara is a condition for…

A type of sale (ba’i) in which a lender sells a commodity to a borrower for more than its market…

From the Arabic term “bai al-ikhtiyar“. According to Malikis, it is a sale (ba’i) in which the buyer has the…

Arabic (مرابحة عكسية) for reverse murabahah (cost-plus sale). It is an Islamic cash financing mechanism involving situations where one party purchases…

The process whereby a partner gives his share in a piece of real estate to another partner in exchange for…