A general shari'ah maxim that all commercial and financial activities are originally permissible by the primary sources of shari'ah, unless...
An Arabic term (نجش) which literally means concealment or a practice in which hunters used to rouse and chase the...
A sale (ba'i) in which the commodity/ item is delivered to the buyer against deferred payment, whether in installments or...
An Arabic term (البيع الآجل) denotes refers to sale on credit or credit sale. By definition, it is an Islamic...
Arabic (Øوالة مطلقة) for unrestricted debt transfer/ assignment (unrestricted hawalah); in hawalat al-dain, it is a hawalah in which a...
With respect to debts (dain/ dayn or duyun), hawalah (in Arabic script Øوالة) refers to the transfer/ assignment of debt...
A form of waqf (Islamic endowment) whose assets are intended for investment (i.e., income/ ghallah generation). The income generated from...
A type of musharaka sukuk, which are by definition certificates that represent ownership in projects or activities managed on the...
The process of deriving a shari'a view or conception to an emerging matter or fact for which there was no...
The zakah base (receptacle) is typically determined by an Islamic bank by applying 2.5% for a lunar calendar year or...
