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Ijarah ala al-A’yan

A type of ijarah contract which has the usufruct of assets and properties (a'yan) as underlying. In this particular meaning,...

Ijarah Mawsufah Fi Zimmah

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

Ijab

Arabic (إيجاب) for offer; an essential element of a contract (aqd) in Islamic finance. It constitutes the declaration or a...

Ijab wa Qabul

Arabic (إيجاب وقبول) for offer (ijab or 'ardh) and acceptance (qabul); the two essential elements of a contract (aqd) in...

Ijma

One of the secondary sources of shari'a which constitutes a unanimous agreement among most knowledgeable and highly qualified scholars who...

Islamic Option Contract

An Islamic finance alternative to option contracts (conventional options). By definition, it is a shari'ah compliant form of contract which...

Islamic Accepted Bill

A bill of exchange which is drawn on or by a bank, payable at some preset future date, to securitize...

Islamic Call Option

A shar'iah-compliant equivalent to conventional call option. The call option gives the holder the right, without the obligation, to buy...

Islamic Structured Product

A shari'ah compliant investment product that derives its value from one underlying asset or more. It provides the holder (the...

Islamic CDO

A collateralized debt obligation (CDO) that is structured in a way compliant with shari'ah rules and principles. The pool (reference...