In general, ta’weedh (in Arabic تعويض) refers to all types of compensation or remuneration (‘iwadh) charged or paid in relation...

Shari'a permits that a third party, other than the mudarib (in mudaraba) or investment agent (in investment agency, wakala) or...

Arabic (تعزير مالي) for a certain type of punishment that is not set out by shari’a but is rather left...

Arabic (شريعة) for the divine guidance and precepts which are given and outlined by the Holy Qur'an, sent down by...

Arabic (صيغة العقد) for contractual formula (formula of a contract/ aqd). A formal exchange of offer/ proposal (ijab or 'ardh)...

A type of share that entitles the holders to participate in the net profit of the issuing company or business,...

A type of sale (ba'i or bay') in which the price (thaman) is set equal to the original acquisition price...

Arabic (تفليس) for judgment of bankruptcy (iflas) or declaration of bankruptcy by court. In shari’a parlance, it stands for interdiction...

The process whereby a seller intentionally hides the defects of his goods so that an unsuspecting buyer would acquire them...

Arabic (تطارح الدينين) for the process of bilateral release of debts (set-off or maqassah in Arabic). More specifically, it is...