Arabic (مصلحة عامة) for public good or public benefit or public interest. According to shari'ah, all economic activities should take...

Arabic (مصلحة) for a juristic device that is usually used to promote public interest/ benefit/ welfare and prevent or repel...

Arabic (مصلحة مرسلة) for unregulated/ unattested public interest (maslahah a'ammah) for which there is no textual authority/ reference (source of...

In Islamic finance, bilateral undertaking, or muwa'adah (مواعدة) in Arabic, refers to a promise which is issued by a counterparty...

A non-compensatory contract in which a property (or any form of wealth) is donated by one party to another against...

Arabic (بيع المتاجرة) for a type of sale (ba’i) whereby an Islamic bank sells goods on credit to a customer....

An Arabic term (بيع المساومة) that denotes “bargaining sale”. It is a type of sale (ba’i) in which the seller...

Arabic (بيع المصراة) for a manipulative transaction which involves the sale (ba'i) of a cow, she-goat, or ewe, with its...

Arabic (مقاصد الشريعة) for the higher purposes of Islamic shari'ah or simply for objectives of shari'ah. Maqasid al-shari'ah constitute the...

A murabaha transaction whereby the Islamic bank (murabaha seller) purchases an asset/ commodity, upon the request of a customer (purchase...