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Fuduli

In its literal meaning, fuduli refers to a person who interferes in matters that are none of his business. Technically,...

Al-Fuduli

Arabic (الفضولي) for uncommissioned agent; a person (natural or legal) who involves himself in activities that have nothing to do with...

Riba al-Fadhl

Arabic (ربا الفضل) for riba of surplus/ riba of excess; a type of riba that exists in, or results from, a sale transaction...

Riba al-Nasi’ah

Arabic (ربا النسيئة) for a type of riba that exists in, or results from, a sale transaction (ba'i or bay') which unduly benefits one...

Riba

Basically, the predetermined interest which a lender charges on, and collects from, a borrower. The lender receives this interest over...

Riba al-Qard

Arabic (ربا القرض) for riba associated with lending and borrowing (i.e., received in lending or paid in borrowing). It is a type...

Intermediary Mudaraba

A type of mudaraba in which the Islamic bank (recipient of funds) acts as an intermediary between depositors and the bank’s clients who need financing. In...

Two-Tier Mudaraba

A type of mudaraba in which the Islamic bank (recipient of funds) acts as an intermediary between depositors and the bank’s clients who need financing. In...

Istisna Profit Margin

In connection with istisna', it is the difference between the cash price of the underlying (al-masnoo', the asset or al-ayn to be...

Two-Tier Mudarabah

A type of mudarabah in which the Islamic bank (recipient of funds) acts as an intermediary between depositors and the bank’s clients who need financing. In...