The party (in Arabic الآمر بالشراء) to a murabahah contract/ cost-plus sale (specifically murabahah to the purchase orderer) who approaches…

A type of guaranty that involves securing a person’s physical presence at a specified place and time. It is established…

In Arabic musharaka (مشاركة). It is a partnership mode of Islamic finance in which partners contribute equal or unequal ratios…

An agency in which remuneration (ajr or iwadh) is explicitly stipulated and specified in the agency contract (aqd al-wakalah/ aqd…

A type of commercial paper that constitutes a certificate whereby the issuer promises to pay a specific amount of money…

A type of musharaka sukuk that represent certificates of equal value (sukuk) issued for the purpose of investing the funds…

A charge that an Islamic bank makes against earnings. In other words, it is a contra-asset that is created by…

A contract (aqd) which exists by itself and is not subordinate or auxiliary to another contract (i.e., an accessory contract).…

An undertaking (binding promise– wa’ad mulzim) by either the issuer of sukuk or the manager of sukuk-financed project/assets to repurchase…

A financial instrument that contains an unconditional promise by one party to enter into a foreign exchange transaction with another…