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Product Wad

A type of wad (promise) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...

Product Wa’ad

A type of wa'ad (promise) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...

Ancillary Wa’ad

A type of wa'ad (promise) that is embedded in, or associated with, an Islamic finance arrangement (contract). By nature, the...