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Agency-Based Contract for Investment

An investment contract that is based on investment agency (wakalatul istithmar/ wakalah bil istithmar) where the investment account holder appoint...

International Sukuk

Sukuk which are issued in an internationally accepted currency such as US dollar or euro. An example is an issue...

Domestic Sukuk

Sukuk which are issued in a local currency, either by the government sector (government sukuk) or private sector (corporate sukuk)....

Al-Qardh al-Ribawi

An Arabic term (القرض الربوي) that denotes “interest-bearing loan” (riba-bearing qard). In other words, al-qardh al-ribawi is a loan extended...

Al-Qard al-Ribawi

An Arabic term (القرض الربوي) that denotes “interest-bearing loan” (riba-bearing qard). In other words, al-qard al-ribawi is a loan extended...

Al-Muwa’adah

A proclamation by two persons of their intent to enter into a contract (aqd) in the future whose effects will...

Agency-Based Investment Contract

An Islamic investment contract by virtue of which holders of investment accounts (IAHs) appoint the Islamic bank to undertake the...

Munajazah

The process of both the buyer and seller taking possession of their respective subject-matter of the contract. In other words,...

Hibah

Arabic (هبة) for a method of possession transfer whereby an asset (or any form of wealth) is gifted to another...

Munaqalah

The process whereby a partner gives his share in a piece of real estate to another partner in exchange for...