From a shari'a perspective, riba has a number of characteristics that set it apart from legitimate sources of income. Accordingly,...

Gharar is an element of risk (mukhatarah), uncertainty, hazard, or lack of transparency (asymmetric information) that could render a contract...

Ijarah is a financial contract that involves the transfer of the right to the usufruct (manfa'ah) or benefit of a...

Zakat (زكاة) is Arabic for obligatory charity (the third pillar of Islam). It constitutes a portion of wealth prescribed by...

Sharikah (partnership or corporate entity) or musharakah (the process of forming sharikah) is the commingling of funds and/or resources from...

Murabahah is a type of trust sale (buyu al-amanah) whereby acquisition of assets is financed on short or relatively long...

Murabahah is a type of trust sale (buyu al-amanah) whereby acquisition of assets is financed on short or relatively long...

In Islamic financial mua'amalat, valid (sahih) and effective (nafizh) contracts can be classified as binding (lazim) and nonbinding (ghair lazim)...

Ju’alah (also transliterated ju’ala or jua’ala/ jua’alah) is a commutative contract in which one the parties (known in Arabic as...

Ijarah is a financial contract that involves the transfer of the right to the usufruct (manfa’ah) or benefit of a...