Arabic (أركان العقد) for pillars/ elements/ cornerstones of a contract (aqd- عقد). The primary arkan (sing. rukn) of a contract...

In legal context, merit (in singular form) or merits (in plural form) may have multiple meanings. Merit means a valid...

Latin for towards the same (literally, meeting of the minds. Also referred to as mutual agreement, mutual assent or simply...

Latin for towards the same (literally, meeting of the minds. Also referred to as mutual agreement, mutual assent or consensus...

A contract (aqd) that is contingent upon the occurrence of an event whose result or monetary effect is unknown as...

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)...

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)...

The process that is typically arranged at the contract date (not at settlement date) for the purpose of replacing all...

A type of economic loss/ financial loss that only reflects financial damage sustained as a result of the negligence of...

A type of loss that results from physical damage to property/ assets, which is recoverable under normal situations. The claimant,...