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Uqud al-Hifz

Arabic (عقود الحفظ) for a category of contracts (uqud/ aqd) that are designed for protection or safeguarding of property (mal)....

Muwarriq

The party who provides liquidity to the seeker of liquidity (mutawarriq/ mustawriq) in a tawarruq (Islamic monetization) transaction. In Arabic...

Muwaadah

In Islamic finance, muwa'adah, or mutual promising or bilateral promising, refers to a promise which is issued by a counterparty...

Sighah

Arabic (صيغة) for contractual formula (formula of a contract/ aqd). A formal exchange of offer/proposal (ijab or 'ardh) and acceptance...

Al-Mubadala

An exchange of two counter-values (badalain) such as price for commodity (ba'i), currency for currency (sarf), price for usufruct (ijara),...

Sukuk al-Istisna’a

Certificates of equal value (sukuk) that are issued for the purpose of mobilizing funds to be used in the production...

Uqud Musammat

A class of contracts to which shari’a has assigned specific names and handled in details their respective rules and stipulations....

Al-Qimar

Generally, it refers to any game of chance, where the final result depends a random process or an uncertain event....

Hajr

Arabic (حجر) for interdiction (of a person). It is a legal action preventing a person from disposing of his/her wealth....

Daruriyyat

One of the categories of maslaha or human needs that corresponds to basic necessities of life, including food, shelter, clothes,...