Arabic (بيع ناجز) for a sale (ba'i) in which the price of the object of sale or underlying is paid...

A sukuk structure that involves intangible assets as underlying, or in which the requirement of tangible assets is minimal. Companies that do not have much fixed...

A contract (aqd) which is contingent on a specified event or action. More specifically, aqd mawquf becomes effective only if...

Zakah is one of the five pillars of Islam (in addition to shahada- i.e., pronounced and believed-in faith, prayer, fasting,...

Zakat is one of the five pillars of Islam (in addition to shahada- i.e., pronounced and believed-in faith, prayer, fasting,...

Zakah, as a type of ibadah, is concerned with money, wealth or property. By definition, it is an amount of...

Zakat, as a type of ibadah, is concerned with money, wealth or property. By definition, it is an amount of...

In Islamic finance, wa'ad, or promise, refers to an obligation issued by one counterparty, such as a potential purchaser or purchase...

Zakat, as a type of ibadah, is concerned with money, wealth or property. By definition, it is an amount of...

A mode of trading (mutajarah) which involves the exchange of one asset for another without resorting to a medium of exchange (i.e.,...