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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...

Sukuk al-Murabaha

Certificates of equal value (sukuk) which are issued for the purpose of financing the purchase of goods based on murabaha...

Contractual Partnership

In Arabic (شركة العقد)- sharikat al-aqd- a type of sharikah (partnership) that is formed by means of mutual agreement between...

Ahliyyat al-Ada Al-Kamilah

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

Ahliyyat al-Ada Al-Naqisah

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