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Bay’ al-Muhaqalah

A type of sale (bay') in which grains in ears are sold for dry (processed) grain. For example, this sale...

Ba’i

An Arabic term (بيع) that translates as “sale” or "selling". It refers to any agreement between two parties: the seller...

Asset-Backed Sukuk

A sukuk structure that involves granting the investor (sukuk holder) a share of a tangible asset or business venture along...

Al-Mubadalah

An exchange of two counter-values (badalain) such as price for commodity (ba'i), currency for currency (sarf), price for usufruct (ijara),...

Sukuk al-Muzara’ah

Certificates of equal value (sukuk) that are issued for the purpose of using the funds mobilized from subscribers in growing...

Aqd al-Musaqah

A type of partnership contract (aqd al-musharakah) in which the owner of an orchard (bustan- in Arabic script: بستان) agrees...

Sukuk al-Musaqah

Certificates of equal value (sukuk) hat are issued for the purpose of using the funds mobilized from subscribers in the...

Mandoob

A shari’a classification of hukum (or hukm) which includes all recommended or desirable actions whose fulfillment is rewarded or praiseworthy,...

Ijarah Mawsufah Fi Zimmah

A type of ijarah which involves the sale of a clearly specified underlying asset, which is currently being produced or...

Hamish Aljiddiyyah

The amount of money which is paid to the seller in a murabaha transaction upon the request of the purchase...