Arabic (مرابحة عكسية) for reverse murabaha (cost-plus sale). It is an Islamic cash financing mechanism involving one party purchasing an asset…

Mixed waqf (وقف مشترك) is a form of waqf (Islamic endowment) in which the assets (property) assigned as endowment are…

Literally, it refers to anything that is missing, unavailable, or nonexistent. Technically, it is used in conjunction with a contract…

Arabic (محاباة) for deference in a transaction. More specifically, it means a favor extended in an exchange-based transaction, either by…

Arabic (انتفاع) for utilization. In other words, it is the process of taking or extracting usufruct (manfa’ah) from something (asset,…

Arabic (إرصاد) for allocation of a public property for public use/ utility. This happens when government authorities earmark and allocate…

An agreement that incorporates the sale of the leased asset (in an ijarah contract) at the end of the lease…

Arabic (إجارة الذمة) for an ijarah which has a described usufruct (manfa’ah mawsufah fi zhimmah) as underlying. The lessor is…

Arabic (عزيمة) for strictness and resoluteness in the implementation or practice of shari’ah rules (ahkam), prescriptions, ordinances, etc. In other…

In Arabic iflas (إفلاس). In general, it is a situation when a person runs short of funds. The bankrupt person...