Wakalah is an Arabic term (وكالة) that implies, in literal meaning, the act of taking custody of something or applying...

A type of partnership (sharaka or musharaka) for profit (ribh) which is structured so that one partner (known as rabb...

Asset backed-sukuk involve granting the investor (sukuk holder) a share of a tangible asset or business venture along with a...

The contract of istisna’a is a contract of sale (ba'i) which involves the future delivery of specified items to be...

Istisna’a (or commissioned manufacture) is a contract of sale (ba’i) in which the seller undertakes to manufacture or construct specified...

Istisna’a is a special case of salam and both involve the future delivery of a specified object. Istisna’a is mainly...

Hamish al-jiddiyyah is a security deposit received by the purchaser/ reseller in a murabaha to the purchase orderer (MPO) from...