A reserve that is created by an Islamic bank by appropriating a specific amount out of the mudaraba income, before...
An Islamic swap that entails the exchange of a floating profit rate for a fixed profit rate, or vice versa....
A type of sale (ba’i) that was particularly popular in the days of early Islam and pre-Islam, where the buyer...
An Arabic term (الغرم) that literally denotes damage or loss (or a cost incurred). In a more specific context, it...
An Arabic term (الغرم) that literally denotes damage or loss (or a cost incurred). In a more specific context, it...
A type of sale (bay') that involves the exchange of one commodity for another without using a medium of exchange...
A mode of trading (mutajara) which involves the exchange of one asset for another without resorting to a medium of...
An Islamic finance treasury arrangement that an Islamic bank and a counterparty enter into for the purpose of foreign exchange...
An Islamic finance alternative to option contracts (conventional options). By definition, it is a shari'ah compliant form of contract which...
Arabic (اتØاد مجلس العقد) for unity of time and place of a contracting session (majlis al-aqd). That implies that both...
