Arabic (ربا مباشر) for direct riba. It constitutes an increment that a lender receives over and above the principal amount…

A hawala that involves the transfer of the right to claim from one creditor to another. The new creditor replaces…

A form of musharaka sukuk that is structured based on the contract of muqaradah (mudaraba), whereby the capital (ras al-mal) is…

It stands for ijarah muntahiah bittamleek; an ijarah contract that ends up with the transfer of ownership of leased properties/...

It stands for ijarah muntahiah bittamleek; an ijarah contract that ends up with the transfer of ownership of leased properties/...

Arabic shari'a legal maxims, i.e., for legal maxims/ precepts/ propositions/principles of Islamic jurisprudence (fiqh). The fundamental matters (usul) in Islamic...

An ijarah contract that ends up with the transfer of ownership of leased properties/ assets from the lessor to the...

A contingent right (haqq) that comes into effect properties when are offered for sale. Specifically, it refers to the right…

Ijara sukuk (singular: ijara sakk) are certificates of equal value which are issued by the owner of an existing property…

Originally known in Arabic as tawarruq, it is a transaction whereby a person buys an asset/commodity from a seller on…