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

A type of al-waqf (endowment) in which a person (waqf initiator/ donor) designates oneself or some specified individuals as the...

Arabic (تفليس) for judgment of bankruptcy (iflas) or declaration of bankruptcy by court. In shari’a parlance, it stands for interdiction...

Arabic (بيع المتاجرة) for a type of sale (ba’i) whereby an Islamic bank sells goods on credit to a customer....

An Arabic term (بيع المساومة) that denotes “bargaining sale”. It is a type of sale (ba’i) in which the seller...

Arabic (عقود التبرعات) for noncommutative contracts or gratuitous contracts. These contracts (uqud- plural of aqd) are based on voluntary charitable...

An Arabic term (عقود الامتياز) that denotes concession contracts; by definition, a contract of concession is an authorization whereby a...

Arabic (القرض الحسن) for an interest-free loan (fungible, marketable wealth) that is extended by a lender to a borrower on...

The face value of a qard (loan), i.e., its principal (or principal amount). For example, a $1,000 loan must be...

Arabic (عقود التقييدات) for contracts (uqud- plural of aqd) that aim to prevent or restrict disposal or conduct in a...