Ijarah is a financial contract that involves the transfer of the right to the usufruct (manfa’ah) or benefit of a...

The profit equalization reserve (PER) is the amount appropriated by an Islamic bank or financial institution out of the mudaraba...

A murabaha to the purchase orderer (MPO) is a form of murabaha in which the potential buyer (purchaser orderer) instructs...

Zakah (زكاة) is Arabic for obligatory charity (the third pillar of Islam). It constitutes a portion of wealth prescribed by...

A murabaha is the sale of goods (like durables, vehicles, equipment, commodities, etc) at cost plus an prespecified mark-up (a...

The primary cornerstones or elements (arkan; sing. rukn) of a contract of sale (aqd al-ba'i /aqd al-bay'- عقد البيع), according...

Riba al-nasi'ah (ربا النسيئة) is a type of riba (known as riba of postponement/ riba of delay) which arises from...

In terms of its modus operandi, ijarah can be classified as operating ijarah and financial ijarah: Operating ijarah (ijarah tashgheeliah):...

Ijarah muntahia bittamleek (ijarah ending with ownership transfer) is a form of ijarah that concludes with passing the legal title...

Asset backed sukuk involve granting the investor (sukuk holder) a share of a tangible asset or business venture along with...