Islamic banks lend funds based on trade (i.e., real economic activities) rather than pure finance. In other words, they act as...
A shari’a-compliant form of derivatives that is based on using contracts such as salam, back-to-back loans, etc., and applying tools...
A reserve that is created by an Islamic bank by appropriating a specific amount out of the income of investment...
It stands for investment risk reserve; a reserve that is created by an Islamic bank by appropriating a specific amount out of...
A ruse/ trick/ stratagem that is used in commercial or financial transactions as a means to circumvent the basic prohibitions...
A ruse/ trick/ stratagem that is used in commercial or financial transactions as a means to circumvent the basic prohibitions...
A method of possession transfer whereby an asset (or any form of wealth) is gifted to another party for free-...
Arabic (دين Øال) for debt (dayn) that is falling, or has fallen, due. Dayn hal must be repaid by the...
In the lexicon of Islamic finance, it is English for ba'i al-mudtarr. By definition, it is a type of sale (ba'i)...
A type of sale (ba'i or bay') in which the price (thaman) is set equal to the original acquisition price (i.e., cost...
