In its literal meaning, qimar refers to betting and wagering. Technically, it involves taking ownership of some form of wealth...

A gross spread is the underwriter's profit or compensation in an initial public offering (IPO). It is equal to the...

A complementary good (a complement) is a good whose consumption depends on consumption of another good. Both goods tend to...

A complementary good (a complement) is a good whose consumption depends on consumption of another good. Both goods tend to...

Tawarruq (تورق) refers to the process of buying a commodity on a deferred payment basis and then selling it on...

Promising or unilateral promising (wa’ad) is an undertaking or commitment issued by one party to the contract, known as the...

Musawama (bargaining sale) is a type of sale (ba’i or bay’) in which the cost price is not disclosed or...

Murabahah is a mode of financing based on the sale of a commodity for a deferred price. Put another way,...

Iflas (also written iflās) (إفلاس) is Arabic for bankruptcy. It is a situation when a person's liabilities exceed his assets....

Muzara'ah (مزارعة) is a cultivation (plantation) partnership between a land owner and a farmer in which the former provides a...