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...

An acronym for Islamic capital protected note; an Islamic capital protected product/ instrument that provides its holder (the investor) with...

An Islamic capital protected product/ instrument that provides its holder (the investor) with capital protection as to the initial invested...

A pool (collection of distinct assets) whose risks and rewards (dhaman and ghunm), wholly or proportionately, are attributable to the...

A structured product/ instrument that is modeled on a conventional equity-linked note(ELN). The conventional one provides investors with a fixed…

Certificates of equal value (sukuk) that are issued for the purpose of mobilizing funds to be used in the production…

In essence, fintech/ FinTech refers to the use of financial technology (such as smart phones and devices for online payment,…

It stands for ijarah muntahiah bittamleek; an ijarah contract that ends up with the transfer of ownership of leased properties/...