An Arabic term that denotes restricted mudarabah; a mudarabah contract that is used in conjunction with restricted investment accounts (RIAs),...

An Arabic term that denotes unrestricted mudaraba; a mudaraba contract which is related to investment accounts in which the account...

The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...

A hedging process/ mechanism that is used or offered by Islamic banks and financial institutions to help mitigate a specific...

The process of verification of the existence of illah and effective cause (ratio legis) in an individual case, after having...

The process of coming up with a new ruling (hukm) for which there is presently no specific illah or effective...

A type of sale (ba'i or bay') in which the price (thaman) is set equal to the original acquisition price...

Arabic (مثليات) for fungibles; items that are mutually interchangeable, i.e., the units of which are identical (in specifications/ features), and...

A type of sale (ba'i) in which the object of sale is not available at the contracting session (majlis al-aqd)...

Tawarruq is an Arabic word that literally means minted silver (al-wariq) or the act whereby some person seeks silver money....