The object of a salam contract which is exchanged for the price (thaman or ras-ul-mal). It is the commodity or…
Arabic (مبادلة الربØ) for profit rate swap. By definition, it is an Islamic swap that entails the exchange of a…
Arabic (مشاع) for a share in undivided property. It is an unidentifiable portion in a common property- i.e., a property...
A partnership mode of Islamic finance in which partners contribute equal or unequal ratios of capital, management skills, goodwill or...
A type of risk that is associated with sales (buyu) in which the price (thaman) of an underlying object (commodity),...
An Arabic term (مقاصة) for set-off, which it is the discharge of a debt receivable against a debt payable, whether...
Arabic (مجلس العقد) for contracting session or contract assembly or meeting or place. It is anywhere two parties or more…
Shari’a takes center stage of Islam, as a religion, as it defines the route Muslims have to follow in matters...
Literally, it refers to anything that is missing, unavailable, or nonexistent. Technically, it is used in conjunction with a contract…
Certificates of equal value (sukuk) that are issued for the purpose of investing the mobilized funds of musharakah for establishing...
