A class of contracts to which shari’a neither assigned specific names nor handled in details their respective rules and stipulations....

Arabic (مخارجة) for a composition that is entered into by joint heirs to property, whereby some waiver their shares in...

A type of partnership (musharakah or sharikah) which holds all participating parties at equal footing in terms of funds contributed,...

According to the Hanafi school of thought (mazhab), a category of mal that has no value from the perspective of...

According to the Hanafi school of thought (mazhab), a category of mal that has no value from the perspective of...

A general Arabic term (مال) that denotes wealth, property, money, funds, or any valuable things (intangibles included) that can be...

A qard is a non-interest paying loan that gives the borrower the right to use the loan amount for a...

Another name for mudaraba (mudarabah/ mudharaba/ mudharabah); by definition, it is a partnership (sharakah) in profit whereby one party (rab...

Arabic (مضارب) for the labor provider/ worker in a contract of mudaraba. Labor or work includes entrepreneurship, management, and investment...

Arabic (رب المال) for the capital provider (provider of funds) in a contract of mudaraba. Rab-ul mal hands over mudaraba...