The profit equalization reserve (PER) is the amount appropriated by an Islamic bank or financial institution out of the mudaraba...

A murabaha to the purchase orderer (MPO) is a form of murabaha in which the potential buyer (purchaser orderer) instructs...

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

A murabaha is the sale of goods (like durables, vehicles, equipment, commodities, etc) at cost plus an prespecified mark-up (a...

The primary cornerstones or elements (arkan; sing. rukn) of a contract of sale (aqd al-ba'i /aqd al-bay'- عقد البيع), according...

Riba al-nasi'ah (ربا النسيئة) is a type of riba (known as riba of postponement/ riba of delay) which arises from...

In terms of its modus operandi, ijarah can be classified as operating ijarah and financial ijarah: Operating ijarah (ijarah tashgheeliah):...

Ijarah muntahia bittamleek (ijarah ending with ownership transfer) is a form of ijarah that concludes with passing the legal title...

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

Murabaha (also spelled murabahah) is a shari’a compatible mode of debt financing which involves the sale of a commodity mostly...