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Arkan al-Aqd

Arabic (أركان العقد) for pillars/ elements/ cornerstones of a contract (aqd- عقد). The primary arkan (sing. rukn) of a contract...

Majlis al-Aqd

Arabic (مجلس العقد) for contracting session or contract assembly or meeting or place. It is anywhere two parties or more...

Tasneed

The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...

Mudarabah Muqayyadah

An Arabic term that denotes restricted mudarabah; a mudarabah contract that is used in conjunction with restricted investment accounts (RIAs),...

Mudaraba Mutlaqa

An Arabic term that denotes unrestricted mudaraba; a mudaraba contract which is related to investment accounts in which the account...

Tasnid

The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...

Quasi-Equity Sukuk

A classification of sukuk in which the underlying is quasi-equity; this type of equity has characteristics similar to the equity...

Tahawwut

A hedging process/ mechanism that is used or offered by Islamic banks and financial institutions to help mitigate a specific...

Tahqiq al-Manat

The process of verification of the existence of illah and effective cause (ratio legis) in an individual case, after having...

Takhreej al-Manat

The process of coming up with a new ruling (hukm) for which there is presently no specific illah or effective...