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Qabd Fe’eli

An Arabic term (قبض فعلي) that means taking actual possession of an object of sale or exchange, an amount of...

Heyazah

Arabic (حيازة) for the holding or acquisition of an object, usually a commodity, asset, currency, etc, for a specified or...

Heyaza

Arabic (حيازة) for the holding or acquisition of an object, usually a commodity, asset, currency, etc, for a specified or...

Hiyaza

Arabic (حيازة) for the holding or acquisition of an object, usually a commodity, asset, currency, etc, for a specified or...

Zakatable Assets

In an Islamic bank, zakatable assets refer to a set of assets that constitute the overall (broader) zakah base (zakah...

Nonrefundable Deposit

The amount of money that is paid by a potential buyer to the seller at the time of contract (aqd...

Qard Ribawi

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

Munajazah

The process of both the buyer and seller taking possession of their respective subject-matter of the contract. In other words,...

Munaqalah

The process whereby a partner gives his share in a piece of real estate to another partner in exchange for...

Munajaza

The process of both the buyer and seller taking possession of their respective subject-matter of the contract. In other words,...