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Unrestricted Wakalah

An agency contract (aqd al-wakalah) in which the principal (muwakkel) does not place any restrictions on the acts or discretion...

Gharamah

Arabic (غرامة) for penalty or fine, or in general "all that needs to be paid out as a result of...

Khiyar al-Ghubn

A khiyar (Islamic option) that confers on either party to a commutative contract (e.g., contract of sale, ijarah, etc) the...

Kafalah bil Mal

A type of guaranty (suretyship) that involves securing debts (duyun) and financial obligations (iltizamat maliyah). Kafalah bil mal can be...

Kafalah

A contract of guarantee/ suretyship which is used to provide assurance as to performance or liabilities. In other words, kafalah...

Personal Kafalah

A noncommercial guarantee/ suretyship (kafalah shakhsiyah) which is used to secure commutative contracts (e.g. contracts of sale, contracts of rights,...

Kafalah bil Nafs

A type of guaranty (kafalah) that involves securing a person's physical presence at a specified place and time. It is...

Khatar

A type of gharar (uncertainty) that arises if liability of any of the parties to a commutative contract (aqd mu’awadhah)...

Bay al-Wafa

A sale (bay') in which the seller has the right, as stipulated in the contract, to repurchase the underlying property...

Bay al-Juzaf

The sale (bay') of a measurable, countable, or weighable commodity without determining its quantity, number of units, or weight. This...