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Al-Shart al-Fasid

A condition / contractual stipulation that renders the contract (aqd) in which it was stipulated a defective contract (i.e., though...

Madeen Mumatel

Arabic (مدين مماطل) for procrastinating debtor; a debtor (madeen) who is solvent but refuses to pay a debt (dain/dayn) at or...

Madeen Mumatil

Arabic (مدين مماطل) for procrastinating debtor; a debtor (madeen) who is solvent but refuses to pay a debt (dain/ dayn) at...

Profit Rate Risk

With respect to unrestricted investment account (URIA) holders, it is the risk facing an Islamic bank or financial institution (IFI) when URIA holders may withdraw...

Gharar Yaseer

A small amount of gharar (also gharar qalil or gharar yasir) that cannot be avoided due to the nature of the subject matter of the...

Gharar Yasir

A small amount of gharar (also gharar qalil or gharar yaseer) that cannot be avoided due to the nature of the subject matter of the...

Gharar Fahish

An excessive degree of gharar that renders a contract or transaction void from a shari'a point of view. Gharar represents some form...

Ahkam

Plural of hukm or hukum; a legal or shari'a injunction that relates to the actions of individuals. Hukm is usually classified into different...

Madd

Arabic (مد) for a unit of weight measurement; an Islamic measurement unit (mekiyal) that is equal to a quarter (1/4)...

Sa’a

Arabic (صاع) for a small container; it is an Islamic weight measurement unit (measurement of volume) that is equivalent, according...