A investment instrument that is based on profit and loss sharing, asset-backed transactions, and risk-sharing contracts, and certain types include...

A investment instrument that is based on profit and loss sharing, asset-backed transactions, and risk-sharing contracts, and certain types include...

A contract or contractual agreement that gives rise to a financial asset (cash, an equity instrument issued by another entity,...

The process of coming up with a new ruling (hukm) for which there is presently no specific illah or effective…

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…

It stands for Islamic capital market; the market in which Shari’ah complaint securities/ assets (capital instruments) such as equities, sukuk,...

The market in which Shari’ah complaint securities/ assets (capital instruments) such as equities, sukuk, and other securities are traded. The...