Arabic (شرط الجزاء أو الشرط الجزائي) for penalty clause. A clause in a commutative contract (aqd mu'awadhah) that stipulates that...

A partnership mode of Islamic finance in which partners contribute equal or unequal ratios of capital, management skills, goodwill or...

A type of ijarah contract in which the underlying usufruct (manfa'ah) is a person’s work, effort, expertise, etc. According to...

A type of ijarah contract which has the usufruct of assets and properties (a'yan) as underlying. In this particular meaning,...

In the context of waqf (Islamic endowment), it refers to a specific type of hikr or hukr (حكر). It constitutes...

A valid condition/ stipulation (shart), i.e., a contractual stipulation that is legally acceptable and binding on the parties to the...

Certificates of equal value (sukuk) that are issued for the purpose of investing the mobilized funds of musharaka for establishing...

A condition (shart) that renders the contract (aqd) in which it was stipulated a defective contract (i.e., though in essence...

Certificates of equal value (sukuk) that are issued for the purpose of investing the mobilized funds of musharakah for establishing...

A subclass of sukuk al-musharakah. Sukuk al-mudarabah (صكوك المضاربة) are by definition certificates that represent ownership in projects or activities...