A sale (bay') that involves the exchange of an asset for specified monetary units (the price/ thaman). With respect to...
A kafalah agreement that becomes effective upon occurrence of some future event. The guarantor (kafeel) will not provide kafalah coverage…
It stands for the Arabic term arbun/arboon/urboun (عربون). It is the amount of money which is paid by a potential…
An Arabic term that denotes misrepresentation guarantee. It is a third-party’s guarantee which secures refunding the price to the buyer…
Arabic (دين مشترك) for debt (dayn) that arises from one transaction or engagement whereby it is owed to two or…
Arabic (دين غير صØÙŠØ) for debt (dain) that may be waived in different means that are not confined to repayment…
Arabic (دين ثابت) for debt (dain) that is collectible- i.e., one whose repayment is comfortably certain. The creditor expects with…
It stands for additional tier-1 sukuk; the additional proceeds from a sukuk issuance that are used to enhance an entity's...
A clause in a commutative contract (aqd mu’awadhah) that stipulates that an agreed amount of money shall be paid to…
A form of tawarruq (Islamic monetization) which is sought per se as a mode of investment or financing, rather than…
