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Qabd Hukmi

An Arabic term (قبض حكمي) that denotes constructive possession; a method of taking possession of an asset (commodity, currency, etc)...

Qabd

An Arabic term (قبض) that means taking possession of an object of sale or exchange, an amount of money, a...

Public Waqf

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

Murabaha to the Purchase Orderer

A murabaha transaction whereby the Islamic bank (murabaha seller) purchases an asset/ commodity, upon the request of a customer (purchase...

Vanilla Sukuk

The most basic type of sukuk which have no additional features (add-ons) such as option to convert or exchange into...

Primary Sources of Shari’ah

Shari’ah holds center stage of Islam as a religion (deen) as it defines the route Muslims have to follow in...

Plain Vanilla Sukuk

The most basic type of sukuk which have no additional features (add-ons) such as option to convert or exchange into...

Sukuk al-Salam

Sukuk al-salam (singular: salam sakk) are certificates of equal value (sukuk) which are issued in order to raise salam capital....

Salam Sukuk

Salam sukuk (singular: salam sakk) are certificates of equal value (sukuk) which are issued in order to raise salam capital....

Salam

Arabic (سلم) for the sale of a commodity that will be delivered at a future date for a specific price...