A classification of sukuk, from the perspective of sukuk-holders, where the underlying in the sukuk instrument is a non-business- that...

A type of sukuk structure in which sukuk certificates extend no option to the sukuk holders to convert the sukuk...

Arabic (ناظر الوقف) for the manager of waqf (Islamic endowment); the custodian of an endowment (waqf) who undertakes responsibility for…

From a shari’a perspective, it is permissible to leave a pledged asset, with respect to a credit transaction, in the…

The amount of of net assets (of an Islamic investment fund) that is attributable to each share/unit at the end…

Arabic (نهد) for an undertaking or commitment to contributing or donating towards a common purpose or endeavor. Originally, it was…

The mudarib’s (mudharib’s) laxity that results in his nonfulfillment of his duties under the contract of mudharaba/ mudaraba (aqd al-mudharaba/…

The custodian of an endowment (waqf) who undertakes responsibility for management of its assets and resources as well as its…

Arabic (نازلة) for a new occurrence that requires a new shari’ah ruling (hukm) or nomination (takyeef). A new occurrence refers…

In Islamic finance, it refers to the selling (ba'i/ bay) of a commodity at an agreed upon price irrespective of...