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Investment Agency Sukuk

A type of musharaka sukuk, which are by definition certificates that represent ownership in projects or activities managed on the...

Investment Sukuk

Certificates of equal value (sukuk) which are issued and sold to investors (as owners or bearers) who, by virtue thereof,...

Ijarah Mosufah bil Zimmah

A type of ijarah which involves the sale of a clearly specified underlying asset, which is currently being produced or...

Ijarah ala al-A’amal

A type of ijarah contract in which the underlying usufruct (manfa'ah) is a person’s work, effort, expertise, etc. According to...

Islamic Interbank Benchmark Rate

A Shari’a-compliant reference rate for the cost of funding in Islamic money markets. Islamic finance prohibits interest (riba) and shuns...

Islamic Credit Card

A shari'a-compliant credit card which provides a revolving credit facility within a credit limit and during a credit period determined...

Ijarah Mausufah Fi Zhimmah

An ijarah contract whose underlying is an unidentified unit of asset that will be leased at a future date. It...

Islamic Credit Default Swap

A credit default swap (CDS) that is structured to be permissible by shari'ah. It is based on some shari'ah-compliant underlyings...

Ikrah

The use of coercion to force someone to do something without his/ her consent (ridha). Coercion or duress or compulsion...

Ijarah ala al-Ashkhas

A type of ijarah contract in which the underlying usufruct (manfa'ah) is a person’s work, effort, expertise, etc. According to...