A debtor who fails to repay or extinguish a debt (dain/ dayn) that is due. Under shari'a, it is impermissible...

A shari'a-compliant debit card which confers on the holder the right to withdraw cash from the balance available on his...

A financial intermediary that mobilizes and directs funds (amwal) in a way compliant with shari'a principles and precepts (ahkam al-shari'a)....

Arabic (تبرع) for voluntary donation. It may broadly involve any voluntary act without expecting or stipulating any compensation in return....

An Arabic term (مقاصة) for set-off, which it is the discharge of a debt receivable against a debt payable, whether...

A maqassa (مقاصة) that involves the spontaneous discharge of two debts that is not contingent on the request or consent...

An Islamic investment fund in which the subscription amounts are used in purchasing commodities for the purpose of trading (mutajarah),...

A maqassa (مقاصة) that involves the discharge of two debts by the bilateral consent of the two parties to extinguish...

Also istisna'a (استصناع) in Arabic transliteration. It is a special kind of the contract of sale (bai') in which the...

A contract of sale (ba’i or bay’) in which the seller reveals (or is under obligation to reveal) to the…