Filter by Categories
Accounting
Banking

Ba’i al-Murawadhah

Arabic (بيع المراوضة) for the sale (ba’i) of goods that have not been actually or constructively possessed by the seller....

Mutawarriq

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

Mukhatarah

The act or process of taking risk, whether intentionally or unintentionally. In its juristic sense, mukhatarah is a condition for…

Maqassa on Demand

A maqassa that involves the discharge of two debts at the request of the creditor, or the party who is…

Muqaradah Sukuk

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

Shubhat al-Riba

Arabic (شبهة الربا) for potentiality of riba or suspicion of existing of riba in a transaction or dealing. In other…

Suretyship

Or kafalah in Arabic. It denotes an act by which a third party to a contract or transaction accepts to…

Shari’a

The divine guidance and precepts which are given and outlined by the Holy Qur’an, sent down by Allah, and the…

Spot Murabaha

A murabaha transaction that is arranged with no deferral of payment. In this case, the seller only receives a mark-up…

Kifalah

Arabic (كفالة) for a contract of guarantee/ suretyship which is used to provide assurance as to performance or liabilities. In...