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Ghubn Fahish

Arabic (غبن فاحش) for an excessive profiteering in which the seller intentionally deceives the buyer by stating explicitly or implicitly...

Gharar

Arabic (غرر) for an element of uncertainty or ambiguity, whether insignificant or excessive, in any sale contract (aqd al-ba'i) or...

Ghubn

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

Al-Ghaban

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

CoCo Sukuk

It stands for contingent convertible sukuk; a type of sukuk structure (hybrid securities) in which sukuk certificates give the sukuk...

Commodity Murabaha

A murabaha-based, short-term placement operation that involves the the purchase and sale of commodities in the international exchanges. Islamic banks...

Halal

Anything that is permissible (halal or jaiz) or not impermissible (haram) under shari'ah. It constitutes of the entire set of...

Urboun

Arabic (عربون) for down payment, "partial" payment in advance, or security deposit. The payment/ deposit is intended to secure a...

Arbun

Arabic (عربون) for down payment, "partial" payment in advance, or security deposit. The payment/ deposit is intended to secure a...

Iwadh

An Arabic term (عوض) that denotes compensation or remuneration. In the context of Islamic financial and commercial transactions, it refers...