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Aqd Mudhaf

Arabic (عقد مضاف) for a contract (aqd) which comes into effect at a specific date in the future. In this...

Aqd al-Fadalah

In Islamic fiqh, fadhalah (or fadalah) refers to the act(s) of al-fodhouli (al-fuduli), i.e., a person (natural or legal) who transacts (e.g. sells, rents, etc)...

Fadhalah Contract

In Islamic fiqh, fadhalah (or fadalah) refers to the act(s) of al-fodhouli (al-fuduli), i.e., a person (natural or legal) who transacts (e.g. sells, rents, etc)...

Al-Shart al-Sahih

A valid condition, i.e., a contractual stipulation that is permissible (under shari'ah) and binding on the parties to the contract...

Al-Shart al-Fasid

A condition / contractual stipulation that renders the contract (aqd) in which it was stipulated a defective contract (i.e., though...

I-Will-Kill-You-Later Contract

A financial derivative which an issuer sells to investors and is obliged whereby to sell shares of a specific stock or security...

Aqd Mawquf

A contract (aqd) which is contingent on a specified event or action. More specifically, aqd mawquf becomes effective only if...

Luzum al-Aqd

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

Exchange-Based Contract

A contract (aqd) that involves the exchange of one counter-value for another. For example, exchanging a commodity for an amount...

Principal-To-Principal Basis

The parties to a contract (financial or non-financial), ultimately obligated by contractual terms, sign the contract in their own capacity,...