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Musharaka Mutanaqisa

A type of musharaka (partnership) that is established on the agreement that one partner will undertake to buy out the…

Musaqi

The irrigation worker (مساقي) in a musaqa contract/ musaqat contract (tree irrigation contract) who supplies water to trees (specifically fruit-bearing…

Murabaha ‘Aksiya

Arabic (مرابحة عكسية) for reverse murabaha (cost-plus sale). It is an Islamic cash financing mechanism involving one party purchasing an asset…

Mixed Waqf

Mixed waqf (وقف مشترك) is a form of waqf (Islamic endowment) in which the assets (property) assigned as endowment are…

Ma’dum

Literally, it refers to anything that is missing, unavailable, or nonexistent. Technically, it is used in conjunction with a contract…

Muhabat

Arabic (محاباة) for deference in a transaction. More specifically, it means a favor extended in an exchange-based transaction, either by…

Mulkiyyah

Arabic (ملكية) for ownership; an owner or co-owner has a certain right (or set of rights) over the underlying property/...

Milkiyyah

Arabic (ملكية) for ownership; an owner or co-owner has a certain right (or set of rights) over the underlying property/...

Milkiyyah Naqisah

Arabic (ملكية ناقصة) for incomplete ownership; an ownership (milkiyyah) where the owner does not have a full right over the...

Milkiyyah Kamilah

Arabic (ملكية كاملة) for complete/ full ownership; an ownership (milkiyyah) where the owner has a full right over the property/...