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...

The majority of fuqaha, i.e., the majority of founders of the four leading schools of thought or mazhahib (Abu Haneefah,...

Arabic (بيع العينة) for a contract of ba'i that involves the sale and buy back of an object (commodity, asset,...

A case of sale (bay’) in which the buyer doesn’t haggle over the price (i.e., takes it as a given)....

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