In Islamic finance, wa'ad, or promise, refers to an obligation issued by one counterparty, such as a potential purchaser or purchase...
Zakat, as a type of ibadah, is concerned with money, wealth or property. By definition, it is an amount of...
A mode of trading (mutajarah) which involves the exchange of one asset for another without resorting to a medium of exchange (i.e.,...
A case of sale (ba’i) in which the buyer doesn’t haggle over the price (i.e., takes it as a given)....
Arabic (دين Øال) for debt (dain) that is falling, or has fallen, due. Dain hal must be repaid by the...
A type of sukuk structure in which the underlying pool of assets consists of two or more Islamic finance contracts. For example,...
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...
