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Tabarru

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

Maqassa

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

Compulsory Set-Off

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

Commodity Fund

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

Contractual Maqassa

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

Order To Manufacture

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

Ba’i al-Wadhee’ah

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

Ba’i al-Sinin

Arabic (بيع السنين) for a type of sale (ba’i) in which the underlying object is an agricultural produce (such as…

Duyun

Arabic (ديون) for debts (plural of dain or dayn); a dain (دين) comes into existence as a result of a...

Main Sources of Shari’a

Shari’a takes center stage of Islam, as a religion, as it defines the route Muslims have to follow in matters...