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

The amounts which are due from an Islamic bank’s clients as a result of sale transactions that are based on…

In Islamic finance, it refers to the selling of a commodity at an agreed upon price irrespective of the original…

In general, it refers to all sale transactions that are executed on a commercial basis (i.e., for the sake of…

From a shari’a perspective, it is not permissible that a solvent debtor defaults on his debt or delays settlement (in...

A sale contract that is used by Islamic banks and financial institutions acting as intermediaries in order to provide finance...

Originally known in Arabic as tawarruq, it is a transaction whereby a person buys an asset/commodity from a seller on…

Arabic transliteration for receivables; the amounts which are due from an Islamic bank’s clients as a result of sale transactions…

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

A bill of exchange which is drawn on or by a bank, payable at some preset future date, to securitize…