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Qardh Ribawi

An Arabic term (قرض ربوي) that denotes “interest-bearing loan” (riba-based qardh). In other words, qardh ribawi is a loan extended...

Rab al-Mal

Arabic (رب المال) for the capital provider (provider of funds) in a contract of mudaraba. Rab al-mal hands over mudaraba...

Mal Ribawi

Arabic (مال ربوي) for any kind of wealth or property (mal) that is inherently susceptible to riba. Traditionally, mal ribawi...

Murabaha Master Agreement

A contractual framework which governs a murabaha transaction in which there are several objects (assets/ commodities) in several contracts between...

Unrestricted Investment Account

An Islamic investment account that is subject to no restrictions as to the purpose, geographical distribution or way of investing...

RIA

It stands for restricted investment account; an Islamic investment account which is subject to certain restrictions imposed by the account...

Restricted Investment Account

An Islamic investment account which is subject to certain restrictions imposed by the account holder with respect to the purpose,...

Restricted Wakalah

An agency contract (aqd al-wakalah) in which the principal (muwakkel) restricts the acts or discretion of the agent (wakil). For...

Restricted Hawalah

A hawalah in which the payer is restricted to settling the amount of the assigned/ transferred debt (dain/ dayn) from...

Fiqh al-Nawazil

Arabic (فقه النوازل) for a branch of fiqh (Islamic jurisprudence) that tackles contemporary issues (newly emerging issues). Such issues require...