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Riba al-Qurudh

Arabic (ربا القروض) for riba associated with lending and borrowing (i.e., received in lending or paid in borrowing). It is…

Paid Agency

An agency in which remuneration (ajr or iwadh) is explicitly stipulated and specified in the agency contract (aqd al-wakalah/ aqd…

Aqd al-Muawadha

Arabic (عقد المعاوضة) for compensatory contract (commutative contract) whereby one party receives compensation/ consideration (iwadh) from another party in return…

Iwadh

An Arabic term (عوض) that denotes compensation or remuneration. In the context of Islamic financial and commercial transactions, it refers...

Wakalah bil Ajr

Arabic (وكالة بالأجر) for paid agency; a wakalah in which remuneration (ajr or iwadh) is explicitly stipulated and specified in...

Hibat al-Thawab

Arabic (هبة الثواب) for gift (hibah) conditional upon receipt of consideration (thawab). It is a gift intended to solicit some...

Noncommutative Contract

A non-compensatory contract (in Arabic, aqd tabarru) in which a property is donated by one party to another against no...

Ajr al-Mithl

A rent or wage amount or consideration (ajr) that is determined by an arbitrator or judge (if disputed), or with...