Iflas (also written iflās) (إفلاس) is Arabic for bankruptcy. It is a situation when a person's liabilities exceed his assets....

Muzara'ah (مزارعة) is a cultivation (plantation) partnership between a land owner and a farmer in which the former provides a...

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

By definition, jahalah refers to ignorance or obscurity regarding the object of sale or price. In other words, it is...

Ijarah, by definition, is a contract of lease whose subject matter is a known service (khedmah), and in which the...

Salam is the sale of a commodity that will be delivered at a future date for a specific price paid...

Musawamah (bargaining sale) is a type of sale (ba’i or bay’) in which the cost price is not disclosed or...

Both tawarruq and inah are two different developments of murabaha. Tawarruq is sometimes called commodity murabaha as it involves having...

In general, maysir is broader in scope than qimar. Maysir includes all kinds of gambling, that is, it is more...

A loan (qard) is a fungible item (including money) that is transferred from one party (the lender) to another (the...