Arabic (إرصاد) for allocation of a public property for public use/ utility. This happens when government authorities earmark and allocate…

An agreement that incorporates the sale of the leased asset (in an ijarah contract) at the end of the lease…

Arabic (إجارة الذمة) for an ijarah which has a described usufruct (manfa’ah mawsufah fi zhimmah) as underlying. The lessor is…

Arabic (عوارض الأهلية) for impediments to legal competence. More specifically, awarid (plural of aridah) are all emerging shortcomings or deficiencies…

A voluntary act (nafelah) that involves giving or donating to a person or charity. By nature, sadaqa (in Arabic script…

A guaranty that is restricted by al-wasf or description. As such, guaranty is classified as current guaranty and deferred guaranty.…

Arabic (رخصة) for a dispensation or permission or exemption as given by shari’a to Muslims in specific circumstances (e.g., illness,…

In Arabic iflas (إفلاس). In general, it is a situation when a person runs short of funds. The bankrupt person...

Al-fodhouli is a person who intervenes or interferes in others’ affairs without being invited or called on (out of curiosity).…

It stands for Islamic capital market; the market in which Shari’ah complaint securities/ assets (capital instruments) such as equities, sukuk,...