An interest-free loan (fungible, marketable wealth) that is extended by a lender to a borrower on the basis of benevolence...

Arabic (تحكير) for a lease contract (ijarah) that is concluded for the purpose of keeping an endowed land (ardh mawqufah)...

A form of prohibited sale (bay' batil) in which a person or group of persons connive with a seller to...

A general shari'ah maxim that all commercial and financial activities are originally permissible by the primary sources of shari'ah, unless...

A sale (ba'i) in which the commodity/ item is delivered to the buyer against deferred payment, whether in installments or...

An Arabic term (البيع الآجل) denotes refers to sale on credit or credit sale. By definition, it is an Islamic...

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

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

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

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