A type of musharaka (partnership) that is established on the agreement that one partner will undertake to buy out the…

An ijarah in which an asset is leased for a long period of time in a way that ujrah (compensation)…

In a contract of kafalah (or kifalah), it is the party who provides assurances as to the performance of an…

A type of contractual arrangement entailing that the parties share profits/ losses and/ or residual interest in the net assets...

The irrigation worker (مساقي) in a musaqa contract/ musaqat contract (tree irrigation contract) who supplies water to trees (specifically fruit-bearing…

Arabic (مرابحة عكسية) for reverse murabaha (cost-plus sale). It is an Islamic cash financing mechanism involving one party purchasing an asset…

Mixed waqf (وقف مشترك) is a form of waqf (Islamic endowment) in which the assets (property) assigned as endowment are…

Literally, it refers to anything that is missing, unavailable, or nonexistent. Technically, it is used in conjunction with a contract…

Arabic (محاباة) for deference in a transaction. More specifically, it means a favor extended in an exchange-based transaction, either by…

The process of coming up with a new ruling (hukm) for which there is presently no specific illah or effective…