Arabic (مصلحة مرسلة) for unregulated/ unattested public interest (maslahah a'ammah) for which there is no textual authority/ reference (source of...

Arabic (مقاصد الشريعة) for the higher purposes of Islamic shari'ah or simply for objectives of shari'ah. Maqasid al-shari'ah constitute the...

A murabaha transaction whereby the Islamic bank (murabaha seller) purchases an asset/ commodity, upon the request of a customer (purchase...

Arabic (مخارجة) for a composition that is entered into by joint heirs to property, whereby some waiver their shares in...

A type of partnership (musharakah or sharikah) which holds all participating parties at equal footing in terms of funds contributed,...

According to the Hanafi school of thought (mazhab), a category of mal that has no value from the perspective of...

According to the Hanafi school of thought (mazhab), a category of mal that has no value from the perspective of...

An Arabic term (مساومة) that denotes bargaining sale. In Islamic finance, it refers to the selling of a commodity at...

A general Arabic term (مال) that denotes wealth, property, money, funds, or any valuable things (intangibles included) that can be...

Arabic (مرابحة) for an Islamic mode of trading and financing which constitutes an absolute sale (ba'i mutlaq), i.e. the sale...