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Contingency Endowment

A type of waqf (endowment) in which the yield (ghallah) is held in reserve so that it can be used...

Contingency Waqf

A type of waqf (endowment) in which the yield (ghallah) is held in reserve so that it can be used...

Participatory Investment Instrument

An instrument (or an account) that is held by an investor/ investment accountholder (e.g., depositor of funds) under a profit...

Syndicated Murabaha Financing Facility

A murabaha-based financing facility whereby funds for the purchase of the asset (commodities, durable assets, etc.) are provided by a…

Sukuk Issuer

A market player/ participant that ultimately issues sukuk to the market, usually on behalf of an originator. An Islamic financial...

Sukuk Principal Issuer

A market player (such as an Islamic financial institution, IFI, or any other specialized entity) that creates the underlying asset...

Musharaka Mutanaqisa

A type of musharaka (partnership) that is established on the agreement that one partner will undertake to buy out the…

Long-Term Lease

An ijarah in which an asset is leased for a long period of time in a way that ujrah (compensation)…

Kafil

In a contract of kafalah (or kifalah), it is the party who provides assurances as to the performance of an…

Participatory Structure

A type of contractual arrangement entailing that the parties share profits/ losses and/ or residual interest in the net assets...