Arabic for obligation or duty. In this sense, and in usul al-fiqh, fardh (فرض) encompasses all acts considered by shari’a…

Originally known in Arabic as tawarruq, it is a transaction whereby a person buys an asset/commodity from a seller on…

The accounting process which aims to provide appropriate information, not necessarily limited to financial data, to the stakeholders of a…

Arabic (بيع باطل) for void sale (void contract/ transaction of sale). It is a type of bay' (belonging to the...

Arabic (بيع باطل) for void sale (void contract/ transaction of sale). It is a type of ba'i (belonging to the...

A sale (bay') that involves the exchange of an asset for specified monetary units (the price/ thaman). With respect to...

It stands for additional tier-1 sukuk; the additional proceeds from a sukuk issuance that are used to enhance an entity's...

Arabic (بيع المراوضة) for the sale (ba’i) of goods that have not been actually or constructively possessed by the seller....

The risk that arises from failure or inability to comply with shari’ah rules and principles. Shari’ah non-compliance risk is part…

A murabaha contract between a purchaser and an investment agent (wakil bil istithmar) acting as mudarib or investment agent on…