A type of provision in an Islamic bank that is set aside to reflect a potential loss that may arise due to unknown or unidentifiable risks associated with receivables, financing or investment assets. The amount reflects estimated losses that may be incurred on these assets because of events that have already taken place at the date of the statement of financial position, and immeasurable losses attributable to future events.
A general provision is known in Arabic as a mukhasas ‘aam.
