In the context of Islamic financial mua’amalat, an aqd lazim (عقد ملزم) refers to a valid and effective contract (aqd)...

Arabic (شرط) for a condition or stipulation or pr-requisite. Shurut (pl. of shart), more specifically, imply an act or situation...

Arabic (شروط) for conditions or stipulations or pr-requisites. Shurut (pl. of shart), more specifically, imply an act or situation upon...

A mode of trading (mutajarah) which involves the exchange of one asset for another without resorting to a medium of…

A type of sale (ba’i) in which a lender sells a commodity to a borrower for more than its market…

A type of bay’ muna’aqid (enforceable contract of sale). By definition, it is a contract of sale (ba’i) that is…

A set-off or maqassa that involves the discharge of two debts by the bilateral consent of the two parties to...

A maqassa (مقاصة) that involves the spontaneous discharge of two debts that is not contingent on the request or consent...

A type of maqassa or set-off that is implemented without stipulating or requiring the bilateral consent or agreement of both...

A type of maqassa or set-off that is implemented without stipulating or requiring the bilateral consent or agreement of both...