In ijara muntahia bittamleek (ijara that ends with ownership), the lease agreement is associated with the option (khiyar) to own...

Al-ghubn (الغبن) denotes the meanings of fraud, inequality, deceit, cheating, etc. In the context of mu’amalat, al-ghubn may arise from...

Murabaha is one of the most popular financing modes used by Islamic banks and financial institutions. It is type of...

Shari'a prohibits riba al-fadhl on the grounds that it involves injustice, deception, and trickery. In Islamic finance, there is no...

An option is a derivative contract which gives the holder (buyer) the right, without the obligation, to exercise on an...

A swap is an agreement between two parties which entails the exchange of two different streams of cashflows over a...

Shari'a prohibits riba al-nasi'ah (deferment riba) for the following reasons: Riba al-nasi'ah constitutes gains earned at the expense of others...

Khiyar al-aib is an option (khiyar) to annul a transaction for defects in the subject matter (whether the object of...

Shari'ah refers to all divine injunctions and revelations pertaining to human life whether in relation to worship (relationship between humans...

From a shari'a perspective, profit (ribh, in Arabic) is the amount by which capital (ras al-mal) is increased or the...