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Qard Hasan

An interest-free loan (fungible, marketable wealth) that is extended by a lender to a borrower on the basis of benevolence...

Mal Qimi

An Arabic term (مال قيمي) that translates non-fungible items of wealth or valuables (mal). Mal qimi is a category of...

Mal Mithli

Arabic (مال مثلي) for fungible items; items (amwal- pl. of mal) that are mutually interchangeable or replaceable, i.e., the units...

Qardh

An Arabic term (قرض) that translates as an interest-free loan. More specifically, it refers to the transfer of the ownership...

Qardh Ribawi

An Arabic term (قرض ربوي) that denotes “interest-bearing loan” (riba-based qardh). In other words, qardh ribawi is a loan extended...

Rab al-Mal

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

Mal Ribawi

Arabic (مال ربوي) for any kind of wealth or property (mal) that is inherently susceptible to riba. Traditionally, mal ribawi...

Murabaha Master Agreement

A contractual framework which governs a murabaha transaction in which there are several objects (assets/ commodities) in several contracts between...

Unrestricted Investment Account

An Islamic investment account that is subject to no restrictions as to the purpose, geographical distribution or way of investing...

RIA

It stands for restricted investment account; an Islamic investment account which is subject to certain restrictions imposed by the account...