A khiyar (option) whereby the buyer as the right either to consummate the contract of sale or revoke it upon...

Arabic (فقه النوازل) for a branch of fiqh (Islamic jurisprudence) that tackles contemporary issues (newly emerging issues). Such issues require...

A set of financial ratios that are used by Islamic market indices (such as Dow Jones Islamic Market Indices) to...

A shari’a maxim or rule (in Arabic: qa’edah shar'iyyah) that is often interpreted to mean that an indispensable necessity may...

An Arabic term (وعد غير ملزم) that translates as nonbinding promise; a wa’ad (promise) in which the promisor (al-wa’ed) is...

An Arabic term (وعد ملزم) that translates into binding promise; a wa’ad (promise) in which the promisor (al-wa'ed) is under...

The taking possession of an asset or countervalue by enabling the counterparty to take its delivery and dispose of it,...

Any kind of wealth or property (mal) that is inherently susceptible to riba. Traditionally, amwal ribawiah (plural of al-mal al-ribawi)...

An investment contract that is based on investment agency (wakalatul istithmar/ wakalah bil istithmar) where the investment account holder appoint...

An Arabic term (قرض ربوي) that denotes “interest-bearing loan” (riba-based qard). In other words, qard ribawi is a loan extended...