Arabic (عقد التمليك) for contracts (aqd) that entails acquisition (or transfer) of ownership (mulkiyyah). This involves properties and rights (huquq)…
An Arabic term (أجر مسمى) that generally translates as stipulated remuneration, wage, recompense, consideration, commission, rate, price, or fees, among...
In Arabic ajr al-wakeel/ ajr al-wakil (أجر الوكيل). In wakalah/ wakala (agency), and its forms, it is the total amount...
An Arabic term (أجر الوكالة) that translates as agent's remuneration. In wakalah/ wakala (agency), and its forms, it is the...
An Arabic term (أجر الوكيل) that translates as agent's remuneration. In wakalah/ wakala (agency), and its forms, it is the...
Arabic (عقد معاوضة) for compensatory contract (commutative contract) whereby one party receives compensation/ consideration (iwadh) from another party in return...
Arabic (أهلية الأداء الكاملة) for being completely eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...
Arabic (عقد المعاوضة) for compensatory contract (commutative contract) whereby one party receives compensation/ consideration (iwadh) from another party in return…
A unilateral promise or undertaking which is associated with a financial transaction. ‘Ahd is a promise from one party (promisor)…
In the context of Islamic financial accounting, an asset is recognized in the balance sheet (statement of financial position) when…