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Munahadah

Arabic (مناهدة) for an undertaking or commitment to contributing or donating towards a common purpose or endeavor. Originally, it was...

Mudharaba

One of the essential modes of profit-sharing in Islamic finance, which is based on the concurrence of capital providers (called...

Jahalah

Arabic (جهالة) for the lack of knowledge about the specifics of an object, event, or action, in spit of knowledge...

Muratalah

Arabic (مراطلة) for the sale (ba'i or bay') in which a type of money (naqd) is exchanged for money of...

Major Gharar

An excessive degree of gharar that renders a contract or transaction void from a shari'a point of view. Gharar represents...

Qawl al-Sahabi

Arabic (قول الصحابي) for the opinion of a companion (sahabi) of the Prophet (peace be upon him). It is an...

Qimi

A category of mal which includes things usually sold and bought individually or by numbers such as plots of land,...

Qimiyyat

A category of mal which includes things usually sold and bought individually or by numbers such as plots of land,...

Qubul

Arabic (قبول) for acceptance of an offer in a contract ('aqd). It is one of the two essential elements of...

Qimar

Arabic (قمار) for any game of chance, where the final result depends a random process or an uncertain event. Examples...