Arabic (بيع حبل الحبلة) for a type of prohibited sale that was prevalent in pre-Islamic Arabia where the fetus of...

A category of buyu (pl. of ba'i or bay') that consists of all sales that are impermissible under shari'a due...

Arabic (مشاع) for a share in undivided property. It is an unidentifiable portion in a common property- i.e., a property...

The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...

The process of mixing, and adding together, a number of shari’ah-compliant asset classes in securitization (tasnid/ taskik) or capital structure. Examples of pooling (khultah) in...

It stands for purchase orderer; the purchasing party to a murabaha to the purchase orderer (MPO) (or broadly a murabaha...

The purchasing party to a murabaha to the purchase orderer (MPO) (or broadly a murabaha transaction)- i.e., the party (customer)...

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)....