A type of sharikat al-aqd (contractual partnership) in which two persons or more agree to cooperate and work together for...

In Islamic finance, agency (wakalah, وكالة in Arabic) is a contract (aqd) between two counterparties: an agent (wakeel) and principal...

Arabic (وكالة مطلقة) for unrestricted wakalah/ unrestricted agency; an agency contract (aqd al-wakalah) in which the principal (muwakkel) does not...

An Arabic term (قبض حكمي) that denotes constructive possession; a method of taking possession of an asset (commodity, currency, etc)...

An Arabic term (قبض) that denotes "taking possession" or receipt of an object of sale or exchange, an amount of...

Another name for mudaraba (mudarabah/ mudharaba/ mudharabah); by definition, it is a partnership (sharakah) in profit whereby one party (rab...

A class of contracts to which shari’a neither assigned specific names nor handled in details their respective rules and stipulations....

Arabic (الوعد بالبيع) for promise (wa’ad) to sell. It is usually embedded in exchange-based contracts/ commutative contracts (uqud al-mua’wadhah) such...

Arabic (الوعد بالبيع) for promise (wa’ad) to sell. It is usually embedded in exchange-based contracts/ commutative contracts (uqud al-mua’wadhah) such...

Arabic (عكس العينة) for reverse sale and buy-back; a form of inah sale (بيع العينة) in which a commodity is sold...