The process of refining the basis of a ruling (hukm) by extracting the specific ruling from the text (nass) in...

The process of refining the basis of a ruling (hukm) by extracting the specific ruling from the text (nass) in...

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

Also fatwa in Arabic. It is a religious decree, edict, or legal ruling which is issued by an Islamic scholar(s)...

Arabic (جهالة يسيرة) for a type of jahalah that denotes "minor or slight ignorance" of some aspect of a contract...

In Islamic finance, ju’ala (also spelled ju'alah), جعالة in Arabic script, is a contract whose subject matter is a work...

Also istihsan in Arabic; a doctrine of Islamic law (shari'a) that implies reconsidering an action, behavior, or practice that was...

A non-refundable deposit which is paid by a potential buyer to a seller, and whereby the former retains the right...

An Islamic equivalent of the conventional call option. It is structured in a way that the premium paid by the...

In the context of companies and businesses, it is the excess of zakatable assets over short-term liabilities. Zakatable assets are...