Arabic (مراطلة) for the sale (ba'i or bay') in which a type of money (naqd) is exchanged for money of...

A murabaha contract that is concluded on a bilateral basis, i.e., between a purchaser and a seller (usually a financial...

An excessive degree of gharar that renders a contract or transaction void from a shari'a point of view. Gharar represents...

Arabic (قول الصحابي) for the opinion of a companion (sahabi) of the Prophet (peace be upon him). It is an...

Another popular spelling for sharikat al-mulk; a type of partnership (sharikah/ sharika) which basically involves joint ownership (mulk in Arabic)...

A category of mal which includes things usually sold and bought individually or by numbers such as plots of land,...

Arabic (أهلية الوجوب الكاملة) for being fully eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...

Arabic (أهلية الوجوب الناقصة) for being partially eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...

Arabic (عين) for a determinate property or asset that has a marketable or non-marketable material value that can be converted...

A general shari'a maxim (قاعدة شرعية) that all commercial and financial activities are originally permissible by the primary sources of...