Arabic (علة) for the underlying cause or element (ratio legis) on which a new ruling is based by making parallel...

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

Arabic (بيع المصراة) for a manipulative transaction which involves the sale (ba'i) of a cow, she-goat, or ewe, with its...

An Islamic fiqh term (and a shari'ah maxim) that is associated with the process of sulh al-ibra' or discharge reconciliation....

Arabic (مقاصد الشريعة) for the higher purposes of Islamic shari'ah or simply for objectives of shari'ah. Maqasid al-shari'ah constitute the...

An Arabic term (قبض حكمي) that denotes constructive possession; a method of taking possession of an asset (commodity, currency, etc)...

An Arabic term (قبض) that means taking possession of an object of sale or exchange, an amount of money, a...

A type of waqf which mainly serves the public. In other words, the waqf's proceeds/ usufruct (ghallah) will be used...

A murabaha transaction whereby the Islamic bank (murabaha seller) purchases an asset/ commodity, upon the request of a customer (purchase...

The most basic type of sukuk which have no additional features (add-ons) such as option to convert or exchange into...