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Islamic Derivative

A shari’a-compliant form of derivatives that is based on using contracts such as salam, back-to-back loans, etc., and applying tools...

Investment Risk Reserve

A reserve that is created by an Islamic bank by appropriating a specific amount out of the income of investment...

IRR

It stands for investment risk reserve; a reserve that is created by an Islamic bank by appropriating a specific amount out of...

Hila

A ruse/ trick/ stratagem that is used in commercial or financial transactions as a means to circumvent the basic prohibitions...

Hilah

A ruse/ trick/ stratagem that is used in commercial or financial transactions as a means to circumvent the basic prohibitions...

Hiba

A method of possession transfer whereby an asset (or any form of wealth) is gifted to another party for free-...

Taskik

The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...

Tarabbus

Arabic (تربص) for waiting and tarrying for an opportunity. This involves refraining from certain actions or being actionless for some...