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

Sukuk are financial instruments and certificates of equal value representing undivided shares in ownership of tangible assets/ projects/ usufructs/ services/...

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

Purchase undertaking in sukuk is an undertaking (binding promise- wa'ad mulzim) by either the issuer of sukuk or the manager...

Salam is a type of sale (ba’i) in which the price (the capital of salam) is paid in advance while...

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

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

Khiyar is an option that is given to one or both of the contracting parties or a third party to…