The set of actions, sayings, contracts, transactions and other dealings that are explicitly denounced and deemed impermissible by Islamic shari’a....

Certificates of equal value (sukuk) that are issued for the purpose of investing the mobilized funds of musharakah for establishing...

An Arabic term (بيع) that translates as “sale” or “selling”. It refers to any agreement between two parties: the seller...

Arabic (بيع السنين) for a type of sale (bay’) in which the underlying object is an agricultural produce (such as...

Arabic (غاصب) for a person or party who usurps another person's or party's wealth or belongings- i.e., usurper. An usurper...

In Islamic finance, ghallat/ ghallah (غلة) generally refers to any type of income produced by a factor of production (labor,...

A type of waqf which mainly serves the public. In other words, the waqf's proceeds/ ghallah/ usufruct (manfa'ah) will be...

A small amount of gharar (also gharar yaseer) that cannot be avoided/ overlooked due to the nature of the subject...

Arabic (غارم) for a debtor (madeen- مدين) who is not financially able to settle or repay his debt (dayn or...

Arabic (غبن) for a fraudulent practice by which one party to a commutative contract (ba’i, ijarah, salam, etc.) attempts to...