In Arabic iflas (إفلاس). In general, it is a situation when a person runs short of funds. The bankrupt person…
A type of sale (ba’i), prevalent in pre-Islamic times, in which the object of sale was determined as the one…
Arabic (بيت المال) for public treasury; the place where the State of Islam (particularly, early Islam) kept its public wealth…
A type of sale (bay’) in which the object of sale is not available at the contracting session (majlis al-aqd)…
The risk that arises from a party to a transaction failing to meet its obligation on the settlement date, so that…
All the funds that are available and can be accessed during a business day so that financial institutions (such as…
The risk of losing part or all of the principal of a financial asset. It is the risk that the...
The aggregate amount of an entity’s obligations that will be settled (paid off) using current assets. That is, the sum…
The aggregate amount of the assets owned (and controlled) by an entity such as cash, cash equivalents, accounts receivable, inventory…
The aggregate amount of the assets owned (and controlled) by an entity such as cash, cash equivalents, accounts receivable, inventory…