Finance

Fixed-Coupon Bond

November 21, 2022
Derivatives

Range Accrual Bond

November 21, 2022

Share

Arabic (فرد) for individual/person/one. However, it may be sometimes, mistakenly used to refer to obligation or duty (the right spelling of which, in Arabic transliteration, is fardh). In this sense, and in usul al-fiqh, fardh (فرض) encompasses all acts considered by shari’a a must-do by Muslims, whether individually or collectively. Accordingly, furoodh (pl. of fardh) are usually classified as fardh ‘ayn (فرض عين) or fardh kifayah(فرض كفاية).

In Arabic, fardh may also refer to imposition, estimation, or decisiveness. Technically, in matters related to inheritance, it means a share of inheritance assigned to an heir (warith) based on a shari’a text (nass) or consensus.

Leave a Reply

Related Tags

All Topics in the Letter