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Muhabat

Arabic (محاباة) for deference in a transaction. More specifically, it means a favor extended in an exchange-based transaction, either by…

Rokn

Arabic (ركن) for one of the pillars/ elements/ cornerstones of a contract (aqd– عقد). The primary arkan (pl. of rokn)…

Ostensible Sale

A type of sale (ba’i) in which a lender sells a commodity to a borrower for more than its market…

Ba’i al-Mua’amalah

A type of sale (ba’i) in which a lender sells a commodity to a borrower for more than its market…

Rukn

Arabic (ركن) for one of the pillars/ elements/ cornerstones of a contract (aqd- عقد). The primary arkan (pl. of rukn)...

Muhabah

Arabic (محاباة) for deference in a transaction. More specifically, it means a favor extended in an exchange-based transaction, either by…

Monetization

According to the Hanbali school of thought (mazhab), monetization (or in Arabic “tawarruq“) is the process of purchasing a commodity…

Ba’i al-Muamalah

A type of sale (ba’i) in which a lender sells a commodity to a borrower for more than its market…

Bay’ al-Muamalah

A type of sale (ba’i) in which a lender sells a commodity to a borrower for more than its market…

Family Waqf

A type of waqf (endowment) in which a person (waqf initiator/originator) designates oneself or some specified individuals as the beneficiaries…