A contract of guaranty which is used to secure commercial transactions. In Islamic jurisprudence, there is a host of shari’a-compatible…

A kafalah agreement that becomes effective upon occurrence of some future event. The guarantor (kafeel) will not provide kafalah coverage…

It stands for the Arabic term arbun/arboon/urboun (عربون). It is the amount of money which is paid by a potential…

A set-off or maqassa that involves the discharge of two debts by the bilateral consent of the two parties to...

A maqassa (مقاصة) that involves the spontaneous discharge of two debts that is not contingent on the request or consent...

A maqassa (مقاصة) that involves the spontaneous discharge of two debts that is not contingent on the request or consent...

An Islamic investment fund in which the subscription amounts are used in purchasing commodities for the purpose of trading (mutajarah),...

A maqassa (مقاصة) that involves the discharge of two debts by the bilateral consent of the two parties to extinguish...

Cash awkaf, or more precisely cash awqaf, are a form of waqf (pl. awqaf) in which the assets assigned as…

It stands for cash realizable value; The amount that a company expects to realize in cash (naqd) or cash equivalent…