Arabic (صكوك الوكالة بالاستثمار) for agency certificates; a type of sukuk (pl. of sakk) in which the underlying contract is...

An investor, natural or legal person, that bears the certificate of sukuk entailing ownership (ownership stake) in the underlying assets...

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

Arabic (شبهة الربا) for potentiality of riba or suspicion of existing of riba in a transaction or dealing. In other…

Or kafalah in Arabic. It denotes an act by which a third party to a contract or transaction accepts to…

The divine guidance and precepts which are given and outlined by the Holy Qur’an, sent down by Allah, and the…

A murabaha transaction that is arranged with no deferral of payment. In this case, the seller only receives a mark-up…

The risk that arises from failure or inability to comply with shari’ah rules and principles. Shari’ah non-compliance risk is part…

A murabaha contract between a purchaser and an investment agent (wakil bil istithmar) acting as mudarib or investment agent on…

A modern application of murabaha in which Islamic banks purchase shares upon request from clients and sells them on a...