Arabic (شركة العقد) for a type of sharikah (partnership) that is formed by means of mutual agreement between two or...

A type of sharikat al-aqd (contractual partnership) in which two persons or more agree to cooperate and work together for...

With respect to debts, hiwala refers to the transfer/ assignment of debt (dain, dayn) from one party (the transferor/ assignor,...

Arabic (تكافل) for an Islamic concept and practice which draws its basics and rules from the two supreme sources of...

The process of coming up with a new ruling (hukm) for which there is presently no specific illah or effective...

An Arabic term (خلابة) that literally translates as "misleading marketing". The seller, practicing khalabah, pursues unknowledgeable and unaware clients by...

The process of verification of the existence of illah and effective cause (ratio legis) in an individual case, after having...

An act of deception or cheating of a party to a contract by another party. This involves a misleading act...

A type of ijarah contract in which the underlying usufruct (manfa'ah) is a person’s work, effort, expertise, etc. According to...

Arabic (تقرير) for tacit approval. It refers to what the Prophet Muhammad (pbuh) approved, verbally or silently, in the actions...