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Sukuk al-Muqaradah

A type of sukuk al-musharakah that is structured based on the contract of muqaradah (mudaraba), whereby the capital (ras al-mal)...

Bay’ al-Majhool

Arabic (بيع المجهول) for a type of bay’ al-gharar in which the object of sale or the price (thaman) is...

Ba’i wa Salaf

Arabic (بيع وسلف) for a type of sharia-incompliant sale (invalid sale or ba’i ghair sahih) that combines a normal sale...

Methqal

An Islamic measure of weight (in Arabic script: مثقال) that is equal to 4.25 grams (0.137 ozt). As a unit...

Misqal

An Islamic measure of weight (in Arabic script: مثقال) that is equal to 4.25 grams (0.137 ozt). As a unit...

Mithqal

An Islamic measure of weight (in Arabic script: مثقال) that is equal to 4.25 grams (0.137 ozt). As a unit...

Sukuk al-Ijarah

Sukuk al-ijarah (singular: sakk al-ijarah) are certificates of equal value (sukuk) which are issued by the owner of an existing...

Sukuk al-Mugharasa

Certificates of equal value (sukuk) which are issued on the basis of mugharasa contract for the purpose of using the...

Sukuk al-Murabaha

Certificates of equal value (sukuk) which are issued for the purpose of financing the purchase of goods based on murabaha...

Mufawada Partnership

A type of partnership (musharaka or sharika) which holds all participating parties at equal footing in terms of funds contributed,...