Arabic (تفليس) for judgment of bankruptcy (iflas) or declaration of bankruptcy by court. In shari’a parlance, it stands for interdiction...

The process whereby a seller intentionally hides the defects of his goods so that an unsuspecting buyer would acquire them...

Arabic (تطارح الدينين) for the process of bilateral release of debts (set-off or maqassah in Arabic). More specifically, it is...

An illegal practice (particularly an exploitative commercial arbitrage) in which a city dweller purchases goods from a Bedouin (desert dweller)...

The application of murabaha contract in managing a treasury's liquidity requirements and/ or investing its short-term surplus funds. It involves...

Variations in the rules of a transaction (safaqah) that result from the participation of multiple buyers or sellers or the...

An Arabic term (تواطؤ) that translates as collusion or pre-arrangement. In Islamic finance parlance, this involves an implicit agreement between...

A type of sukuk that are both senior (senior sukuk) and unsecured. Senior sukuk are a type of sukuk structure...

A type of sukuk in which sukuk holders get paid in full before other stakeholders (claim holders). As opposed to...

A type of sukuk that are both senior (senior sukuk) and unsecured. Senior sukuk are a type of sukuk structure...