According to the Hanafi school of thought (mazhab), a category of mal that has no value from the perspective of Islamic shari’a. All items in this category cannot be as subject matters in lawful transactions such as sale (ba’i), lease (ijarah), pledge (rahn), and gift (hibah). It is impermissible that Muslims own or transfer such items in whatever form of transaction (whether through commutative contracts or noncommutative contracts). Examples of mal ghair mutaqawwim include pork, alcohol, riba-based loans, conventional bonds and instruments, etc.

Mal ghair mutaqawwim is Arabic (مال غير متقوم) for legally worthless property (legally valueless items).