From a shari’a perspective, it is permissible to leave a pledged asset, with respect to a credit transaction, in the…

The capital that is provided by rab al-mal in a mudaraba contract. Put another way, it is the amount of…

Shari’a holds the center stage of Islamic religion as it defines the route Muslims have to follow in matters of…

The right (haqq) to a service that is held by the service purchaser. Examples of services include education, travel, transportation,…

A situation that arises when a sale is concluded over a previous sale. More specifically, it is the case when…

A form of sale (bay’) in which the subject matter (mahall) is a right or concession to utilize some property…

Arabic (بيع البرنامج) for a wholesale trade that involves the sale (ba’i) of the units of a fungible commodity or…

Arabic (بيع النموذج) for a wholesale trade that involves the sale (bay’) of the units of a fungible commodity or…

Arabic (عقد الإشتراك) for a contract (aqd) that entails sharing in ventures/ businesses and profits (ribh) through specific partnership (sharakah/sharikah).…

Arabic (عقد مضاف إلى المستقبل) for a contract (aqd) which comes into effect at a specific date in the future.…