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Tawarruq

A transaction whereby a person buys an asset/commodity from a seller on the basis of deferred payment, whether through a...

Ikrah

The use of coercion to force someone to do something without his/ her consent (ridha). Coercion or duress or compulsion...

Musharakah

A partnership mode of Islamic finance in which partners contribute equal or unequal ratios of capital, management skills, goodwill or...

Ijarah ala al-Ashkhas

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

Ijarah ala al-A’yan

A type of ijarah contract which has the usufruct of assets and properties (a'yan) as underlying. In this particular meaning,...

Haqq al-Ijaratain

In the context of waqf (Islamic endowment), it refers to a specific type of hikr or hukr (حكر). It constitutes...

Musharaka Sukuk

Certificates of equal value (sukuk) that are issued for the purpose of investing the mobilized funds of musharaka for establishing...

Muzara’a

Arabic (مزارعة) for sharecropping; a partnership (musharaka/ sharika) in crops whereby one party (land owner) presents a piece of land...

Muzara’ah

Arabic (مزارعة) for sharecropping; a partnership (sharikah/ musharakah) in crops whereby one party (land owner) presents a piece of land...

Musaqa

A partnership (sharika) in which one party presents designated plants/ trees that produce edible fruits to another (irrigating worker- musaqi...