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Operating Ijara

An ijara contract that doesn’t end up with the transfer of ownership of leased properties to the lessee. In other…

Aqd al-Muawadha

Arabic (عقد المعاوضة) for compensatory contract (commutative contract) whereby one party receives compensation/ consideration (iwadh) from another party in return…

Ijara wa Iqtina’a

Also ijara muntahia bittamleek or ijara thumma al-bai'. By definition, ijara wa iqtina'a (إجارة واقتناء) it is an ijara contract...

Ijarah Mausufah Fi Zhimmah

An ijarah contract whose underlying is an unidentified unit of asset that will be leased at a future date. It...

Ijarah Mawsufah Fi Zimmah

A type of ijarah which involves the sale of a clearly specified underlying asset, which is currently being produced or...

Forward Ijara

A type of ijara which involves the sale of a clearly specified underlying asset, which is currently being produced or...

Takhliya

An action that allows free disposal of something. In a contract of sale (ba'i), this involves allowing the buyer to...

Ujra

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

Mukhabarah

Arabic (مخابرة) for sharecropping whereby a plot of land is rented for part of its yield (ghallah). It is a...

Mukhabara

Arabic (مخابرة) for sharecropping whereby a plot of land is rented for part of its yield (ghalla). It is a...