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Hawalah Mutlaqah

Arabic (حوالة مطلقة) for unrestricted debt transfer/ assignment (unrestricted hawalah); in hawalat al-dain, it is a hawalah in which a...

Hawalah

With respect to debts (dain/ dayn or duyun), hawalah (in Arabic script حوالة) refers to the transfer/ assignment of debt...

Investment Waqf

A form of waqf (Islamic endowment) whose assets are intended for investment (i.e., income/ ghallah generation). The income generated from...

Investment Agency Sukuk

A type of musharaka sukuk, which are by definition certificates that represent ownership in projects or activities managed on the...

Takyeef

The process of deriving a shari'a view or conception to an emerging matter or fact for which there was no...

Ghaban Fahish

An excessive profiteering (ghaban) in which the seller intentionally deceives the buyer by stating explicitly or implicitly that the sale...

Investment Sukuk

Certificates of equal value (sukuk) which are issued and sold to investors (as owners or bearers) who, by virtue thereof,...

Sharikat al-A’maal

A subset of sharikat al-aqd (contractual partnership) in which two persons or more agree to cooperate and work together for...

Khalaba

An Arabic term (خلابة) that literally translates as "misleading marketing". The seller, practicing khalaba, pursues unknowledgeable and unaware clients by...

Sharikat al-Aqd

Arabic (شركة العقد) for a type of sharikah (partnership) that is formed by means of mutual agreement between two or...