Arabic (دين حال) for debt (dain) that is falling, or has fallen, due. Dain hal must be repaid by the...

A subset of sharikat al-aqd (contractual partnership) in which two persons or more agree to cooperate and work together for the purpose...

A type of sukuk structure in which the underlying pool of assets consists of two or more Islamic finance contracts. For example,...

A type of riba (usury) that was commonplace at pre-Islamic times (the period of ignorance, especially in the Arabian peninsula). Riba Jahiliyyah...

A type of riba (usury) that was commonplace at pre-Islamic times (the period of ignorance, especially in the Arabian peninsula). Riba al-Jahiliyyah...

Islamic banks lend funds based on trade (i.e., real economic activities) rather than pure finance. In other words, they act as...

A shari’a-compliant form of derivatives that is based on using contracts such as salam, back-to-back loans, etc., and applying tools...

A reserve that is created by an Islamic bank by appropriating a specific amount out of the income of investment...

It stands for investment risk reserve; a reserve that is created by an Islamic bank by appropriating a specific amount out of...

A ruse/ trick/ stratagem that is used in commercial or financial transactions as a means to circumvent the basic prohibitions...