A form of waqf (Islamic endowment) whose assets are intended for investment (i.e., income/ ghallah generation). The income generated from...

A type of musharaka sukuk, which are by definition certificates that represent ownership in projects or activities managed on the...

The process of deriving a shari'a view or conception to an emerging matter or fact for which there was no...

The zakah base (receptacle) is typically determined by an Islamic bank by applying 2.5% for a lunar calendar year or...

It stands for net realizable value (net realisable value); the amount that a company expects to realize in cash (naqd)...

The amount that a company expects to realize in cash (naqd) or cash equivalent (ashbah al-naqd) as payment from customers...

An excessive profiteering (ghaban) in which the seller intentionally deceives the buyer by stating explicitly or implicitly that the sale...

Certificates of equal value (sukuk) which are issued and sold to investors (as owners or bearers) who, by virtue thereof,...

A subset of sharikat al-aqd (contractual partnership) in which two persons or more agree to cooperate and work together for...

An Arabic term (خلابة) that literally translates as "misleading marketing". The seller, practicing khalaba, pursues unknowledgeable and unaware clients by...