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

An Arabic term (صكوك الاستثمار) for investment sukuk. These are certificates (sukuk) of equal value which are issued and sold...

The sale of a monetary amount in exchange for another monetary amount. More specifically, it is the exchange of one...

Arabic (شرط الجزاء أو الشرط الجزائي) for penalty clause. A clause in a commutative contract (aqd mu'awadhah) that stipulates that...

A valid condition/ stipulation (shart), i.e., a contractual stipulation that is legally acceptable and binding on the parties to the...

A condition (shart) that renders the contract (aqd) in which it was stipulated a defective contract (i.e., though in essence...

Certificates of equal value (sukuk) that are issued for the purpose of investing the mobilized funds of musharakah for establishing...

A subclass of sukuk al-musharakah. Sukuk al-mudarabah (صكوك المضاربة) are by definition certificates that represent ownership in projects or activities...

Certificates of equal value (sukuk) that are issued for the purpose of using the funds mobilized from subscribers in growing...

Certificates of equal value (sukuk) hat are issued for the purpose of using the funds mobilized from subscribers in the...