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Arkan Aqd al-Ijarah

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

Elements of Musharaka Contract

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

Elements of Sale Contract

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 Qard Contract

The elements (arkan) of qard (interest-free loan) are as follows:  Contact form (sighah): offer and acceptance using what denotes qard...

Ijarah versus Conventional Lease

A conventional lease is a commutative contract between a lessor and lessee whereby an asset (property) is placed at the...

Elements of Musharakah Contract

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

Variation of Murabaha Mark-up

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

Ijarah Sukuk Structures

Ijarah sukuk are the most widely used type of investment sukuk. They constitute certificates that carry equal value and are...

Elements of Ijarah Contract

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

Murabaha on Asset Owned by the Customer

Murabaha is a type of trust-based sale (buyu al-amana) whereby acquisition of assets is financed on short or relatively long...