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Memorandum of Understanding for Mudarabah Financing

Mudarabah is a form of sharakah (partnership) in profit (ribh) whereby one party (rab al-mal) provides capital and the other…

Aqd Al-Ishtirak

Arabic (عقد الإشتراك) for a contract (aqd) that entails sharing in ventures/ businesses and profits (ribh) through specific partnership (sharakah/sharikah).…

Ihmal

Arabic (إهمال) for negligence which constitutes a failure to exercise an established, stipulated or customary set of rules and practices...