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Khiyar al-Qabul

Arabic (خيار القبول) for option (khiyar) that both parties to a contract (aqd) have, prior to the expression and communication...

Khiyar al-Ta’yeen

A type of khiyar (option) which comes into effect if the parties to the contract of sale (aqd al-ba'i) mutually...

Wadi’ah Yad Dhamanah

Arabic (وديعة يد ضمانة) for a wadi’ah (deposit) in which the depositee (wade'e) is responsible to return its subject matter...

Heyaza

Arabic (حيازة) for the holding or acquisition of an object, usually a commodity, asset, currency, etc, for a specified or...

Hiyaza

Arabic (حيازة) for the holding or acquisition of an object, usually a commodity, asset, currency, etc, for a specified or...

Zakat Rate

Zakat is a capital tax levied on total net accumulated wealth (net assets), or assets after deducting all debts at...

Zakatable Assets

In an Islamic bank, zakatable assets refer to a set of assets that constitute the overall (broader) zakah base (zakah...

Abd Mukatib

Arabic (عبد مكاتب) for a slave (abd) who earned his/ her freedom after having agreed to make a future payment...

Zakatable Items

In an Islamic bank, zakatable items refer to a set of assets that constitute the overall (broader) zakah base (zakah...

Zakah Rate

Zakah is a capital tax levied on total net accumulated wealth (net assets), or assets after deducting all debts at...