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Nass Zanni

An authoritative shari’a textual source (nass) whose authenticity is disputed by Muslim scholars. For example, for rulings based on qiyas,...

Nass Qat’ii

Arabic (نص قطعي) for an authoritative shari’a textual source (nass) whose authenticity is not a subject of dispute or speculation...

Tabarru

Arabic (تبرع) for voluntary donation. It may broadly involve any voluntary act without expecting or stipulating any compensation in return....

Tafreet

An Arabic term (تفريط) that literally translates as failure to do the needful or what ought to be done. In...

Tafrit

An Arabic term (تفريط) that literally translates as failure to do the needful or what ought to be done. In...

Sukuk al-Musaqat

Arabic (صكوك المساقاة) for a type of sukuk al-musharakah; sukuk al-musaqat are certificates of equal value (sukuk) that are issued...

Commodity Murabaha

A murabaha-based, short-term placement operation that involves the the purchase and sale of commodities in the international exchanges. Islamic banks...

Sukuk al-Muqaradah

A type of sukuk al-musharakah that is structured based on the contract of muqaradah (mudaraba), whereby the capital (ras al-mal)...

Sukuk al-Ijarah

Sukuk al-ijarah (singular: sakk al-ijarah) are certificates of equal value (sukuk) which are issued by the owner of an existing...

Sukuk al-Mugharasa

Certificates of equal value (sukuk) which are issued on the basis of mugharasa contract for the purpose of using the...