Arabic (انتفاع) for utilization. In other words, it is the process of taking or extracting usufruct (manfa’ah) from something (asset,…

Arabic (إرصاد) for allocation of a public property for public use/ utility. This happens when government authorities earmark and allocate…

An agreement that incorporates the sale of the leased asset (in an ijarah contract) at the end of the lease…

Arabic (إجارة الذمة) for an ijarah which has a described usufruct (manfa’ah mawsufah fi zhimmah) as underlying. The lessor is…

Arabic (التخارج) for a composition that is entered into by joint heirs to property, whereby some of them may waive…

Arabic (عزيمة) for strictness and resoluteness in the implementation or practice of shari’ah rules (ahkam), prescriptions, ordinances, etc. In other…

Arabic (عوارض الأهلية) for impediments to legal competence. More specifically, awarid (plural of aridah) are all emerging shortcomings or deficiencies…

The physical or actual commodity, as differentiated from the futures contract in which such a commodity is used to be…

A futures contract in which the underlying is the retail price of gasoline. The gas-at-the-pump futures is designed to track…

A voluntary act (nafelah) that involves giving or donating to a person or charity. By nature, sadaqa (in Arabic script…