Arabic (المبارأة, مبارأة) for mutual relief from obligations or commitments. It involves, in case of exit, one party or more...

From a shari’a perspective, it is not permissible that a solvent debtor defaults on his debt or delays settlement (in...

A guarantee or undertaking (binding promise– wa’ad mulzim) by either the issuer of sukuk or the manager of sukuk-financed project/…

The amount of tangible assets or holdings (or tangibles-backed instruments) to the size of overall asset base (such as total...

Arabic (عقد معاوضة) for compensatory contract (commutative contract) whereby one party receives compensation/ consideration (iwadh) from another party in return...

A sale contract that is used by Islamic banks and financial institutions acting as intermediaries in order to provide finance...

Arabic (أهلية الأداء الكاملة) for being completely eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...

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…