A type of partnership (musharakah or sharikah) which holds all participating parties at equal footing in terms of funds contributed,...

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

According to the Hanafi school of thought (mazhab), a category of mal that has no value from the perspective of...

Arabic (غبن) for a fraudulent practice by which one party to a commutative contract (ba’i, ijarah, salam, etc.) attempts to...

A general Arabic term (المال) that denotes wealth, property, money, funds, or any valuable things (intangibles included) that can be...

With respect to debts, hiwala refers to the transfer/ assignment of debt (dain, dayn) from one party (the transferor/ assignor,...

The zakah base (receptacle) is typically determined by an Islamic bank by applying 2.5% for a lunar calendar year or...

According to the Hanafi school of thought (mazhab), a category of mal that has no value from the perspective of...

An Arabic term (مساومة) that denotes bargaining sale. In Islamic finance, it refers to the selling of a commodity at...

A general Arabic term (مال) that denotes wealth, property, money, funds, or any valuable things (intangibles included) that can be...