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Al-Kafil

In a contract of al-kafalah (or al-kifalah), it is the party who provides assurances as to the performance of an...

Arbun

A non-refundable deposit which is paid by a potential buyer to a seller, and whereby the former retains the right...

Arbun Call Option

An Islamic equivalent of the conventional call option. It is structured in a way that the premium paid by the...

Ahliyyah al-Ada

Arabic (أهلية الأداء) for active legal capacity or capacity of execution/ performance; a term that describes a person's fitness or...

Ahliyyat al-Ada

Arabic (أهلية الأداء) for active legal capacity or capacity of execution/ performance; a term that describes a person's fitness or...

Ahliyyah al-Wujub Al-Naqisah

Arabic (أهلية الوجوب الناقصة) for being partially eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...

Ahliyyah al-Wujub Al-Kamilah

Arabic (أهلية الوجوب الكاملة) for being fully eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...

Aqd al-Musaqa

A type of partnership contract (aqd al-musharaka) in which the owner of an orchard (bustan- in Arabic script: بستان) agrees...

Aqd Musamma

A class of contracts to which shari’ah has assigned specific names and handled in details their respective rules and stipulations....

Aqd Ghair Musamma

A class of contracts to which shari’a neither assigned specific names nor handled in details their respective rules and stipulations....