An Islamic investment account which is subject to certain restrictions imposed by the account holder with respect to the purpose,...
An agency contract (aqd al-wakalah) in which the principal (muwakkel) restricts the acts or discretion of the agent (wakil). For...
A hawalah in which the payer is restricted to settling the amount of the assigned/ transferred debt (dain/ dayn) from...
The short-term and long-term receivables to a murabaha seller (such as an Islamic bank) for commodities sold on credit (open...
Arabic (تقرير) for tacit approval. It refers to what the Prophet Muhammad (pbuh) approved, verbally or silently, in the actions...
It stands for displaced commercial risk; a risk exposure, in Islamic banks and financial institutions (IFIs), whereby the institution attempts...
A risk exposure, in Islamic banks and financial institutions (IFIs), whereby the institution attempts to remain competitive and withstand commercial...
In the context of selling (al-ba'i or al-bay'- البيع), al-ribh (in Arabic script: الربØ) refers to the difference resulting from selling products and services...
Arabic (عكس التورق) for reverse monetization (reverse tawarruq); a form of tawarruq in which the mustawriq/mutawarriq (monetizer) is a financial...
