A type of waqf which mainly serves the public. In other words, the waqf's proceeds/ ghallah/ usufruct (manfa'ah) will be...

An option (khiyar/ khayar) which gives one party or both parties to the contract (aqd) or a third party the...

The amount at which an asset is recorded and recognized in the books of an institution. This amount excludes accumulated...

The process of securing murabaha by posting- or requiring the posting of- some type of collateral such as an issue...

A small amount of gharar (also gharar yaseer) that cannot be avoided/ overlooked due to the nature of the subject...

In a conventional context, a current account (or checking account) is a deposit account that has no stated maturity and...

Arabic (فقه المعاملات) for a branch of Islamic jurisprudence (fiqh) that deals with commercial and business activities in an economy....

Arabic (غارم) for a debtor (madeen- مدين) who is not financially able to settle or repay his debt (dayn or...

Arabic (غبن) for a fraudulent practice by which one party to a commutative contract (ba’i, ijarah, salam, etc.) attempts to...

Arabic (غبن فاحش) for an excessive profiteering- a type of ghabn- in which the seller intentionally deceives the buyer by...