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Al-Amwal al-Ribawiyah

Any kind of wealth or property (mal) that is inherently susceptible to riba. Traditionally, al-amwal al-ribawiyah (plural of al-mal al-ribawi)...

Al-Mal al-Ribawi

Any kind of wealth or property (mal) that is inherently susceptible to riba. Traditionally, al-mal al-ribawi (in Arabic المال الربوي)...

Agency Contract

In Islamic finance, agency (wakalah, وكالة in Arabic) is a contract (aqd) between two counterparties: an agent (wakeel) and principal...

Al-Aqd Ghair al-Musamma

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

Al-Aqd al-Musamma

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

Al-Kali bil Kali

Arabic (الكالئ بالكالئ) for the sale of a debt for a debt. Broadly speaking, it involves the exchange of two...

Al-Riba al-Mubashir

Arabic (الربا المباشر) for direct riba. It constitutes an increment that a lender receives over and above the principal amount...

Al-Ajeer al-‘Aam

Arabic (الأجير العام) for a public/ general worker or employee or an independent contractor who works for himself, rather than...

Al-Mal Ghayr al-Mutaqawwim

According to the Hanafi school of thought (mazhab), a category of mal that has no value from the perspective of...

Al-Mal al-Mutaqawwim

Arabic (المال المتقوم) for any type of mal whose value can be legally (shari'ah-wise) established and transferred in the market;...