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Conditional Waqf

A type of waqf (Islamic endowment) whose initiation or dedication of its property (mawqoof) is conditional- i.e., subject to (fulfillment...

Waqf Muallaq

A type of waqf (Islamic endowment) that is contingent on a future event, or an event that does not exist...

Contingent Waqf

A type of waqf (Islamic endowment) that is contingent on a future event, or an event that does not exist...

Sukuk-Holder

An investor, natural or legal person, that bears the certificate of sukuk entailing ownership (ownership stake) in the underlying assets...

Sukuk Originator

A market player (such as an Islamic financial institution, IFI, or any other specialized entity) that creates the underlying asset...

Reverse Istisna’a

An istisna’a contract in which one counterparty (the seller or the buyer) is also a counterparty to a previous istisna’a…

RIA

It stands for restricted investment account, which is an Islamic investment account which is subject to certain restrictions imposed by…

Reserve

An amount that is taken out of an Islamic bank’s income (mudaraba income, investment account holders’ income, etc) as a…

Rikaz

Arabic (ركاز)- singular of rakaiiz– for all valuable objects underground. It includes all treasures (gold, silver, precious stones, etc.) whether…

Rukn

Arabic (ركن) for one of the pillars/ elements/ cornerstones of a contract (aqd- عقد). The primary arkan (pl. of rukn)...