Arabic (مجلس العقد) for contracting session or contract assembly or meeting or place. It is anywhere two parties or more…

A khiyar (option) that comes into effect when the buyer, in a trust sale (ba’i al-amanah) finds out that the...

A type of partnership contract (aqd al-musharaka) in which the owner of an orchard (bustan- in Arabic script: بستان) agrees...

A class of contracts to which shari’ah has assigned specific names and handled in details their respective rules and stipulations....

A class of contracts to which shari’a neither assigned specific names nor handled in details their respective rules and stipulations....

In the context of Islamic financial mua’amalat, an aqd lazim (عقد لازم) refers to a valid and effective contract (aqd)...

An Arabic term (وعد غير ملزم) that translates as nonbinding promise; a wa’ad (promise) in which the promisor (al-wa’ed) is...

An Arabic term (وعد ملزم) that translates into binding promise; a wa’ad (promise) in which the promisor (al-wa'ed) is under...

An investment contract that is based on investment agency (wakalatul istithmar/ wakalah bil istithmar) where the investment account holder appoint...

An Islamic investment contract by virtue of which holders of investment accounts (IAHs) appoint the Islamic bank to undertake the...