The risk that arises from failure or inability to comply with shari’ah rules and principles. Shari’ah non-compliance risk is part…

A murabaha contract between a purchaser and an investment agent (wakil bil istithmar) acting as mudarib or investment agent on…

A type of transaction that involves the sale (ba’i) of an animal’s embryo such as that of a cow, she-camel,…

A contract of sale in which the seller reveals (or is under obligation to reveal) to the buyer his actual…

Arabic (بيع الغرر) for aleatory sale transactions or sales with uncertain outcome. In other words, it is the sale of…

A modern application of murabaha in which Islamic banks purchase shares upon request from clients and sells them on a...

An Arabic term for collateralization of cost-plus sale (murabaha); the process of securing murabaha by posting- or requiring the posting…

An Arabic term that denotes misrepresentation guarantee. It is a third-party’s guarantee which secures refunding the price to the buyer…

Arabic (دين موثق) for debt (dayn) that is backed by an asset (collateral or rahn) owned by the debtor (madeen)…

Arabic (دين مرجو) for debt (dayn) that is collectible- i.e., one whose repayment is comfortably certain. The creditor expects with…