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Khiyar al-Qabool

Arabic (خيار القبول) for option (khiyar) that both parties to a contract (aqd) have, prior to the expression and communication...

Mithqal

An Islamic measure of weight (in Arabic script: مثقال) that is equal to 4.25 grams (0.137 ozt). As a unit...

Khiyarat al-Tarawwi

Arabic (خيارات التروي) for a set of khiyarat (plural of khiyar)- in English options to reconsider- that gives a party...

Sukuk al-Ijarah

Sukuk al-ijarah (singular: sakk al-ijarah) are certificates of equal value (sukuk) which are issued by the owner of an existing...

Sukuk al-Mugharasa

Certificates of equal value (sukuk) which are issued on the basis of mugharasa contract for the purpose of using the...

Sukuk al-Murabaha

Certificates of equal value (sukuk) which are issued for the purpose of financing the purchase of goods based on murabaha...

Mufawada Partnership

A type of partnership (musharaka or sharika) which holds all participating parties at equal footing in terms of funds contributed,...

Murabaha Sukuk

Certificates of equal value (sukuk) which are issued for the purpose of financing the purchase of goods based on murabaha...

Ba’i al-Istighlal

According to latter-day Hanafi scholars, it is a type of sale (ba’i) in which the seller has the right of...

Bay’ al-A’awam

Arabic (بيع الأعوام) for a type of sale (bay’) in which the underlying object is an agricultural produce (such as...