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Al-Mubadala

An exchange of two counter-values (badalain) such as price for commodity (ba'i), currency for currency (sarf), price for usufruct (ijara),...

Forward Ijara

A type of ijara which involves the sale of a clearly specified underlying asset, which is currently being produced or...

Forward-Dated Ijarah

A type of ijarah which involves the sale of a clearly specified underlying asset, which is currently being produced or...

Sukuk al-Istisna’a

Certificates of equal value (sukuk) that are issued for the purpose of mobilizing funds to be used in the production...

Forward Ijarah

A type of ijarah which involves the sale of a clearly specified underlying asset, which is currently being produced or...

Uqud Musammat

A class of contracts to which shari’a has assigned specific names and handled in details their respective rules and stipulations....

Al-Qimar

Generally, it refers to any game of chance, where the final result depends a random process or an uncertain event....

Hajr

Arabic (حجر) for interdiction (of a person). It is a legal action preventing a person from disposing of his/her wealth....

Daruriyyat

One of the categories of maslaha or human needs that corresponds to basic necessities of life, including food, shelter, clothes,...

Dhari’ah

An Arabic word that carries the meaning of pretext, ploy, ruse, alleged reason, means, and so on. In Arabic script,...