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Shari’ah Screening of Shares

In principle, shari'ah permits investment and trading in equities (shares of stock). However, shari'ah excludes the shares of companies that...

Minor Gharar

A small amount of gharar (also gharar qalil or gharar yasir/ gharar yaseer) that cannot be avoided due to the nature of the...

Islamic Finance Window

An entity that operates as part of another entity (a conventional financial institution such as a bank) solely for provision...

Window

An entity that operates as part of another entity (a conventional financial institution such as a bank) solely for provision...

Islamic Window

An entity that operates as part of another entity (a conventional financial institution such as a bank) solely for provision...

CCE

It stands for cash and cash equivalents; all items that have the nature of cash (naqd) and cash equivalents including...

Cash and Cash Equivalents

All items that have the nature of cash (naqd) and cash equivalents including deposits with banks (demand deposits), both in...

Bay al-Dayn

Arabic (بيع الدين) for sale of debt. It denotes the sale of debt securities, debt certificates (commercial papers), or receivables...

Ba’i al-Dain

Arabic (بيع الدين) for sale of debt. It denotes the sale of debt securities, debt certificates (commercial papers), or receivables...

Takhliya

An action that allows free disposal of something. In a contract of sale (ba'i), this involves allowing the buyer to...