A valid condition/ stipulation (shart), i.e., a contractual stipulation that is legally acceptable and binding on the parties to the...

Certificates of equal value (sukuk) that are issued for the purpose of investing the mobilized funds of musharaka for establishing...

A condition (shart) that renders the contract (aqd) in which it was stipulated a defective contract (i.e., though in essence...

Certificates of equal value (sukuk) that are issued for the purpose of investing the mobilized funds of musharakah for establishing...

A subclass of sukuk al-musharakah. Sukuk al-mudarabah (صكوك المضاربة) are by definition certificates that represent ownership in projects or activities...

Arabic (مزارعة) for sharecropping; a partnership (musharaka/ sharika) in crops whereby one party (land owner) presents a piece of land...

Arabic (وقف على النفس) for self-dedicated waqf; a form of waqf (Islamic endowment) in which the ghallah/ income/ usufruct of...

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

The sale (ba'i) of a debt (dain/ dayn) for a debt. Broadly speaking, it involves the exchange of two objects,...

A sukuk structure that involves the issuer purchasing the underlying assets and then investing, trading or leasing them on behalf...