In relation to debts (duyun), hiwalah refers to the transfer/ assignment of debt from one party (the transferor/ assignor, or...

A situation that arises when a sale (ba'i) is concluded over a previous sale. More specifically, it is the case...

A funding mechanism whereby money is raised from a large number of people (the crowd), using an online network, in...

Arabic (إقالة) for cancellation of a contract (aqd); a bilateral agreement of the contracting parties to not proceed with the...

One of the essential modes of profit/ loss-sharing in Islamic finance, which is based on the concurrence of capital providers...

An istisna'a contract in which the buyer (manufacture orderer, or almustasni') doesn't set a condition in the contract obliging the...

A form of financing that involves the combination of Islamic finance with crowdfunding so as to address financing needs of...

A method (Arabic for وكالة الاستثمار) whereby Islamic financial institutions manage funds on behalf of their customers. This involves providing...

A method (Arabic for وكالة الاستثمار) whereby Islamic financial institutions manage funds on behalf of their customers. This involves providing...

A valid condition, i.e., a contractual stipulation that is permissible (under shari'ah) and binding on the parties to the contract...