In general, ta’weedh (in Arabic تعويض) refers to all types of compensation or remuneration (‘iwadh) charged or paid in relation...

Shari'a permits that a third party, other than the mudarib (in mudaraba) or investment agent (in investment agency, wakala) or...

Arabic (تعزير مالي) for a certain type of punishment that is not set out by shari’a but is rather left...

A type of share that entitles the holders to participate in the net profit of the issuing company or business,...

A type of sale (ba'i or bay') in which the price (thaman) is set equal to the original acquisition price...

Arabic (تفليس) for judgment of bankruptcy (iflas) or declaration of bankruptcy by court. In shari’a parlance, it stands for interdiction...

The process whereby a seller intentionally hides the defects of his goods so that an unsuspecting buyer would acquire them...

Arabic (تطارح الدينين) for the process of bilateral release of debts (set-off or maqassah in Arabic). More specifically, it is...

An illegal practice (particularly an exploitative commercial arbitrage) in which a city dweller purchases goods from a Bedouin (desert dweller)...

The application of murabaha contract in managing a treasury's liquidity requirements and/ or investing its short-term surplus funds. It involves...