Arabic (مقايضة) for a mode of trading (mutajarah) which involves the exchange of one asset for another without resorting to...

Arabic (مقتضى العقد) for objective or purpose of the contract (aqd). It reflects the combination of form (awsaf al-aqd) and...

A partnership (sharaka/ sharika) in which one party (land owner) presents a treeless piece of land to another (planter) in...

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

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

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

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

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

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

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