Search
Generic filters
Filter by Categories
Accounting
Banking

Syndicated Murabaha Financing Facility

A murabaha-based financing facility whereby funds for the purchase of the asset (commodities, durable assets, etc.) are provided by a…

Memorandum of Understanding for Mudarabah Financing

Mudarabah is a form of sharakah (partnership) in profit (ribh) whereby one party (rab al-mal) provides capital and the other…

Mudaraba Capital

The capital that is provided by rab al-mal in a mudaraba contract. Put another way, it is the amount of…

Aqd Al-Ishtirak

Arabic (عقد الإشتراك) for a contract (aqd) that entails sharing in ventures/ businesses and profits (ribh) through specific partnership (sharakah/sharikah).…

Mudarabah Capital

The capital that is provided by rab al-mal in a mudarabah contract. Put another way, it is the amount of…

Negligence by the Mudarib

The mudarib’s (mudharib’s) laxity that results in his nonfulfillment of his duties under the contract of mudharaba/ mudaraba (aqd al-mudharaba/…

Ras al-Mal

The capital that is provided by rab al-mal in a mudaraba contract. Put another way, it is the amount of…

PER

It stands for profit equalization reserve; a reserve that is created by an Islamic bank by appropriating a specific amount…

Syndicated Murabaha

A murabaha contract between a purchaser and an investment agent (wakil bil istithmar) acting as mudarib or investment agent on…

Guarantee

An essentially noncommutative contract that is used to secure a commutative contract (such as a sale contract/aqd al-ba’i) or obligations…