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Charitable Waqf

A type of waqf whose proceeds are used to serve a specific group of individuals (beneficiaries) such as students, travelers...

Sale on Credit

A type of sale (ba'i/ bay') in which the delivery of the object of sale (a commodity) takes place at...

Musharakah Sukuk

Certificates of equal value (sukuk) that are issued for the purpose of investing the mobilized funds of musharakah for establishing...

Wakaf Khas

Arabic (وقف خاص) for private wakaf (private waqf); a type of wakaf (waqf) (specifically, incorporated waqf) whose proceeds are used...

Bay’

An Arabic term (بيع) that translates as “sale” or “selling”. It refers to any agreement between two parties: the seller...

Bay’ al-Sinin

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

Sukuk al-Musaqat

Arabic (صكوك المساقاة) for a type of sukuk al-musharakah; sukuk al-musaqat are certificates of equal value (sukuk) that are issued...

Collateralized Murabaha

A type of murabaha (cost-plus sale) which is secured by an issue of sukuk as collateral. It provides an alternative...

Global Sukuk

Sukuk which are issued anywhere in the world and in whatever currency. In this sense, global sukuk encompass both international...

Ghasib

Arabic (غاصب) for a person or party who usurps another person's or party's wealth or belongings- i.e., usurper. An usurper...