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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...

Takhliyah

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

Ujrat

An Arabic term (correctly spelled ujrah) that generally translates as remuneration, wage, recompense, consideration, commission, rate, price, or fees, among...

Ujrah

An Arabic term that generally translates as remuneration, wage, recompense, consideration, commission, rate, price, or fees, among others. Ujrah is...

Ujrat ul-Mithl

A rent or wage amount or consideration (ujrah or ajr) that is determined by an arbitrator or judge (if disputed),...