Arabic (غبن يسير) for a slight or minor ghabn; ghabn is a fraudulent practice by which one party to a...

The mudarib’s (mudharib’s) laxity that results in his nonfulfillment of his duties under the contract of mudharaba/ mudaraba (aqd al-mudharaba/…

An approach for performing audits (both financial and Shari’ah) with a specific focus on associated risks and risk-related areas that…

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

An agency contract (aqd al-wakalah) in which the principal (muwakkel) restricts the acts or discretion of the agent (wakil). For…

Arabic (ربح المثل) for matching rate of profit or prevalent rate of profit or benchmark/reference profit rate. It refers to…

A form of waqf (Islamic endowment) whose assets are intended for investment (i.e., generating income). The income generated from managing…

Arabic (وقف منقول) for movable endowment (waqf). It is a type of waqf in which the subject matter (mawqoof) is...

Arabic (وقف غير منقول) for immovable endowment (wakaf). It is a type of wakaf (waqf) in which the subject matter...

Arabic (وقف غير منقول) for immovable endowment (waqf). It is a type of waqf in which the subject matter (mawqoof)...