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

The additional proceeds from a sukuk issuance that are used to enhance an entity's main sources of liquidity and meet...

Arabic (فرد) for individual/person/one. However, it may be sometimes, mistakenly used to refer to obligation or duty (the right spelling…

A shari’a approach (and one of the secondary sources of Shari’a) which is applied to prevent, on a pre-emptive basis,…

Partners in a sharika should contribute capital in the form of cash or cash equivalents based on which the amount…

Arabic (عارية) for a gratuitous loan (qard) whose underlying is a non-fungible (mithli) object or property, the substance of which…

A debtor (madeen) who is solvent but refuses to pay a debt (dain/dayn) at or after its due date (i.e.,…

In shari’a, possession of an asset/countervalue/amount takes place physically if it is delivered or received by hand. For example, an…

It is permissible by shari'a to include in an istisna'a contract a stipulation of a fair penalty clause in the...

Or istishab in Arabic; it is a doctrine of Islamic law (shari’a), and a secondary source of shari’a, which refers…