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Waqf al-Fodooli

Arabic (وقف الفضولي) for endowment by an uncommissioned donor or founder of waqf (waqif). The uncommissioned waqif (al-waqif al-fodooli) unilaterally...

Waqf al-Sabeel

A type of waqf (endowment) which is established to serve the general public. Examples of waqf al-sabil include construction of...

Waqf Crowdfunding

A form of financing that involves the combination of waqf with the mechanisms of crowdfunding so as to bring socio-economic...

Waqf al-Awaridh

A type of waqf (endowment) in which the yield (ghallah) is held in reserve so that it can be used...

Waqf al-Awarid

A type of waqf (endowment) in which the yield (ghallah) is held in reserve so that it can be used...

Islamic Forward Contract

A shari'ah-compliant equivalent (salam/ ba'i al-salam/ bay' al-salam) to conventional forward contract. It constitutes a sale (ba'i/ bay') whereby a...

ICP

It stands for islamic commercial paper; a commercial paper (CP) is a tradable certificate representing pecuniary rights whereby the issuer...

Islamic CP

A commercial paper (CP) is a tradable certificate representing pecuniary rights whereby the issuer is under obligation to pay at...

Waqf al-Sabil

A type of waqf (endowment) which is established to serve the general public. Examples of waqf al-sabil include construction of...

Qiyas

Arabic (قياس) for one of the secondary sources of shari'a which involves likening a case for which there is an...