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...

Arabic (شرط) for a condition or stipulation or pr-requisite. Shurut (pl. of shart), more specifically, imply an act or situation...

Arabic (شروط) for conditions or stipulations or pr-requisites. Shurut (pl. of shart), more specifically, imply an act or situation upon...

The process of issuing sukuk in continuation of past issues. The newly placed sukuk are issued with the same defining...

The process of issuing sukuk in continuation of past issues. The newly placed sukuk are issued with the same defining...