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Difference Between Faskh al-Aqd and Iqalat al-Aqd

Faskh al-aqd (فسخ العقد) refers to the termination (dissolution) of a contract (aqd) unilaterally (by one party to the contract)...

Using Murabaha in Opening Letters of Credit

In practice, murabaha (cost-plus sale) has numerous applications both on the retail level (business to customer) and the corporate level...

Islamic Crowdfunding: Concept and Types

Islamic crowdfunding (ICF) is a shariah-compliant form of crowdfunding, whereby individuals can finance projects or take up equity in ventures...

Types of Rahn

Rahn (رهن) is Arabic for the act of pledging a real or corporeal property as security for a debt (dayn/...

Types of Kafalah

Literally, kafalah (كفالة) means the assumption of responsibility on behalf of others or the presenting of suretyship to the benefit...

Types of Kifalah

Literally, kifalah (كفالة) means the assumption of responsibility on behalf of others or the presenting of suretyship to the benefit...

Transfer of Ownership to the Purchase Orderer in Murabaha

Murabaha (also spelled murabahah) is a shari’a compliant mode of debt financing which involves the sale of a commodity mostly...

Arkan Aqd al-Bay’

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

Elements of a Contract of Sale (Aqd al-Bai’)

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

Arkan Aqd al-Musharakah

Musharakah is a profit and loss sharing contract whereby two or parties or more pool and invest their capital (cash,...