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

A distinct category of maslaha or human needs that refers to things and activities that refines and embellish people's lives....

Arabic (هبة المجهول) for a gift (hibah) ) whose subject-matter (mahall) is unknown at the time it is made. Fuqaha...

A shari'a-compliant adaptation of the conventional cross-currency swap. This structure applies the mode of tawarruq (Islamic monetization or tripartite resale)....

A shar'iah-compliant equivalent to conventional put option. The put option gives the holder the right, without the obligation, to sell an...

Arabic (مقتضى العقد) for objective or purpose of the contract (aqd). It reflects the combination of form (awsaf al-aqd) and...

A general shari'a maxim that all commercial and financial activities are originally permissible by the primary sources of shari'a, unless...

Arabic (مقايضة) for a mode of trading (mutajarah) which involves the exchange of one asset for another without resorting to...

Any kind of wealth or property (mal) that is inherently susceptible to riba. Traditionally, amwal ribawia (plural of al-mal al-ribawi)...

Any kind of wealth or property (mal) that is inherently susceptible to riba. Traditionally, al-amwal al-ribawiyah (plural of al-mal al-ribawi)...