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...

An illegal practice (particularly an exploitative commercial arbitrage) in which a city dweller purchases goods from a Bedouin (desert dweller)...

The application of murabaha contract in managing a treasury's liquidity requirements and/ or investing its short-term surplus funds. It involves...

Variations in the rules of a transaction (safaqah) that result from the participation of multiple buyers or sellers or the...

An Arabic term (تواطؤ) that translates as collusion or pre-arrangement. In Islamic finance parlance, this involves an implicit agreement between...