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Hadith Mawqoof

Arabic (حديث موقوف) for a hadith (prophetic tradition) in which the prophet's expressions, actions, approval/ disapproval or generally a description...

Hadeeth Mawqoof

Arabic (حديث موقوف) for a hadeeth (prophetic tradition) in which the prophet's expressions, actions, approval/ disapproval or generally a description...

Usury

In general, usury refers to the predetermined interest which a lender charges on, and collects from, a borrower. The lender…

Operational Risk

The risk that affects the operations of an Islamic bank (Islamic financial institution– IFI) including the risk of loss arising…

Mubaraah

Arabic (المبارأة, مبارأة) for mutual relief from obligations or commitments. It involves, in case of exit, one party or more...

Qawa’id al-Fiqh

Arabic shari'a legal maxims, i.e., for legal maxims/ precepts/ propositions/principles of Islamic jurisprudence (fiqh). The fundamental matters (usul) in Islamic...

Mandatory Set-Off

A type of maqassa or set-off that is implemented without stipulating or requiring the bilateral consent or agreement of both...

Mandatory Maqassa

A type of maqassa or set-off that is implemented without stipulating or requiring the bilateral consent or agreement of both...

Musha

Arabic (مشاع) for a share in undivided property. It is an unidentifiable portion in a common property- i.e., a property...

Musharaka

A partnership mode of Islamic finance in which partners contribute equal or unequal ratios of capital, management skills, goodwill or...