Arabic (أوسق) for plural of wasaq (وسق); an Islamic weight measurement unit that is equivalent, according to the majority of...

An Islamic weight measurement unit that is equivalent, according to the majority of fuqaha (jumhoor) except Abu Haneefah, to 130.56...

In simple terms, it is the right of an individual to use something that belongs to someone else, whether for...

A financial instrument (promissory FX) that contains an unconditional promise by one party to enter into a foreign exchange transaction...

In Islamic law, a mukatabah/ or mukataba (مكاتبة) is a contract of manumission whereby a master agrees to free a...

In Islamic law, a mukatabah/ or mukataba (مكاتبة) is a contract of manumission whereby a master agrees to free a...

Arabic (مكاتب) for a slave (abd) whose mater agreed to set him/her free by setting a deadline to pay for...

In Islamic finance, wa'ad, or promise, refers to an obligation issued by one counterparty, such as a potential purchaser or purchase...

A type of sukuk structure in which the underlying pool of assets consists of two or more Islamic finance contracts. For example,...

Islamic banks lend funds based on trade (i.e., real economic activities) rather than pure finance. In other words, they act as...