In accounting, substance of a transaction/ event implies its actual and original nature and economic reality, while form (legal form)...

A murabaha-based financing facility whereby funds for the purchase of the asset (commodities, durable assets, etc.) are provided by a…

A set-off that involves the discharge of two debts at the request of the creditor, or the party who is…

A market player/ participant that ultimately issues sukuk to the market, usually on behalf of an originator. An Islamic financial...

A market player (such as an Islamic financial institution, IFI, or any other specialized entity) that creates the underlying asset...

A voluntary act (nafelah) that involves giving or donating to a person or charity. By nature, sadaqa (in Arabic script…

An Arabic term (سلم موازي) that denotes parallel forward delivery sale (parallel salam). It is a salam contract in which…

Arabic (شرط) for a condition or stipulation in a contract (aqd). Examples of shart (plural: shurut) include a lease with…

A type of sukuk structure in which sukuk certificates give sukuk holders residual claim over the assets financed by their…

Arabic (شيوع) for the state of an asset (particularly, a land) being jointly owned/ possessed by a number of persons,...