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...

The custodian of an endowment (waqf) who undertakes responsibility for management of its assets and resources as well as its…

Arabic (نازلة) for a new occurrence that requires a new shari’ah ruling (hukm) or nomination (takyeef). A new occurrence refers…

Arabic (أهلية الأداء الكاملة) for being completely eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...

Arabic (إهمال) for negligence which constitutes a failure to exercise an established, stipulated or customary set of rules and practices...

Arabic (المضارب) for the labor provider/ worker in a contract of mudaraba. Labor or work includes entrepreneurship, management, and investment...

A hired worker or a person that is employed or commissioned to provide a service for a prespecified remuneration (ujrah)....