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Economic Loss

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

Faskh al-Aqd

Arabic (فسخ العقد) for the termination (revocation, dissolution, faskh) of a contract (aqd) unilaterally (by one party to the contract)...

Faskh

Arabic (فسخ) for revocation, cancellation, repudiation, etc. In relation to contracts (uqud, sing. aqd), faskh (i.e., faskh al-aqd) is the...

Ujrat

An Arabic term (correctly spelled ujrah) that generally translates as remuneration, wage, recompense, consideration, commission, rate, price, or fees, among...

Ujra

An Arabic term that generally translates as remuneration, wage, recompense, consideration, commission, rate, price, or fees, among others. Ujra is...

Ujrah

An Arabic term that generally translates as remuneration, wage, recompense, consideration, commission, rate, price, or fees, among others. Ujrah is...

Ujrat ul-Mithl

A rent or wage amount or consideration (ujrah or ajr) that is determined by an arbitrator or judge (if disputed),...

Ujrat al-Mithl

A rent or wage amount or consideration (ujrah or ajr) that is determined by an arbitrator or judge (if disputed),...

Constructive Trust

A type of trust that comes into existence "constructively"- i.e., by a court's decision holding that from amongst the parties...

Derivative Contract

A financial contract whose proceeds, characteristics and value depend on (and so are derived from) the proceeds, characteristics and value...