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Makhraj Share’e

An Arabic term (مخرج شرعي) for shari’ah-compliant alternatives or solutions or way-out to come around a prohibition or a deadlock…

Islamic Derivative

A shari’a-compliant form of derivatives that is based on using contracts such as salam, back-to-back loans, etc, and applying tools...

Islamic Cross-Currency Swap

A shari'a-compliant adaptation of the conventional cross-currency swap. This structure applies the mode of tawarruq (Islamic monetization or tripartite resale)....

Islamic Call

A shar'iah-compliant equivalent to conventional call option. The call option gives the holder the right, without the obligation, to buy...

Islamic Currency Option

An Islamic finance treasury arrangement that an Islamic bank and a counterparty enter into for the purpose of foreign exchange...

Islamic Option

An Islamic finance alternative to option contracts (conventional options). By definition, it is a shari'ah compliant form of contract which...

Ancillary Khiyar

A type of khiyar (option) that is embedded in, or associated with, an Islamic finance arrangement (contract). By nature, the...

Ancillary Wad

A type of wad (promise) that is embedded in, or associated with, an Islamic finance arrangement (contract). By nature, the...

Product Wad

A type of wad (promise) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...

Product Khiyar

A type of khiyar (option) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...