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Manqul

An Arabic term that translates as moveable property, as opposed to immovable property (al-iqar); By definition, it is a property...

Mithli

A category of mal which encompasses commodities usually sold and bought by weight capacity, or measure such as gold, rice,...

Mithlan Bi Mithl

Arabic (مثلاً بمثل) for like for like. Ribawi items (such as gold, silver, dates, wheat, etc) cannot be exchanged (i.e., different...

Mustarsil

A buyer who does not haggle over the price (i.e., takes the price for granted). In general, a buyer acts...

Muqayadha

A mode of trading (mutajara) which involves the exchange of one asset for another without resorting to a medium of...

Majlis al-Aqd

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

Tasneed

The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...

Mudarabah Muqayyadah

An Arabic term that denotes restricted mudarabah; a mudarabah contract that is used in conjunction with restricted investment accounts (RIAs),...

Mudaraba Mutlaqa

An Arabic term that denotes unrestricted mudaraba; a mudaraba contract which is related to investment accounts in which the account...

Tasnid

The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...