A case of sale (ba’i) in which the buyer doesn’t haggle over the price (i.e., takes it as a given).…

A form of sale and buy-back (inah sale– بيع العينة) in which a commodity is sold for a spot price (thaman)…

The party (in Arabic الآمر بالشراء) to a murabahah contract/ cost-plus sale (specifically murabahah to the purchase orderer) who approaches…

A type of guaranty that involves securing a person’s physical presence at a specified place and time. It is established…

In Arabic musharaka (مشاركة). It is a partnership mode of Islamic finance in which partners contribute equal or unequal ratios…

An agency in which remuneration (ajr or iwadh) is explicitly stipulated and specified in the agency contract (aqd al-wakalah/ aqd…

Arabic (متولي الوقف) for the administrator/manager/trustee/superintendent of waqf (Islamic endowment); the custodian of an endowment (waqf) who undertakes responsibility for management…

A subclass of musharaka sukuk. Mudaraba sukuk are, by definition, certificates that represent ownership in projects or activities managed on…

The party who seeks liquidity from entering into a tawarruq (Islamic monetization). In Arabic script, mustawriq (also mutawarriq) is written:…

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