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Profit and Loss Sharing Contract

In Arabic musharaka (مشاركة). It is a partnership mode of Islamic finance in which partners contribute equal or unequal ratios…

Aqd Mulzim

In the context of Islamic financial mua’amalat, an aqd lazim (عقد ملزم) refers to a valid and effective contract (aqd)...

Aqd Lazim

In the context of Islamic financial mua’amalat, an aqd lazim (عقد لازم) refers to a valid and effective contract (aqd)...

Aqd Ghair Lazim

In the context of Islamic financial mua’amalat, an aqd ghair lazim (عقد غير لازم) refers to a valid and effective...

Luzum al-Aqd

The state in which a contract (aqd) is devoid of any option (khiyar) that may allow one of its parties...