An Arabic term (السلم الموازي) that translates as parallel forward delivery sale (parallel salam). It is a salam contract in...

Arabic (إيجاب) for offer; an essential element of a contract (aqd) in Islamic finance. It constitutes the declaration or a...

A shari'a-nominated contract (nominate contract) that is based on trust or honesty as to the dealing between the two parties....

Arabic (إيجاب وقبول) for offer (ijab or 'ardh) and acceptance (qabul); the two essential elements of a contract (aqd) in...

A distinct category of maslahah or human needs that comprises all things and activities that are not key to the...

Arabic (هبة الثواب) for gift (hibah) conditional upon receipt of consideration (thawab). It is a gift intended to solicit some...

It is simply a “takaful of takaful” (insuring a takaful provider, per se, with takaful). It is the Islamic alternative...

An Arabic term that translates as moveable property, as opposed to immovable property (al-iqar); By definition, it is a property...

One of the secondary sources of shari'a which constitutes a unanimous agreement among most knowledgeable and highly qualified scholars who...

Arabic (عقود الإشتراك) for contracts (uqud- plural of aqd) that entail sharing in ventures/ businesses and profits (ribh) through specific...