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Ujrat al-Mithl

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

Ahliyyah al-Wujoob

A type of ahliyyah (أهلية) which refers to a person's capability to enjoy legal rights and assume responsibilities. By default,...

Ahliyyat al-Wujoob

A type of ahliyyah (أهلية) which refers to a person's capability to enjoy legal rights and assume responsibilities. By default,...

Ahliyyah

Arabic (أهلية) for legal capacity. A term that describes a person's fitness or capacity to undertake or perform something (an...

Ahliyyah al-Wujub

Right spelling: ahliyyat al-wujub; a type of ahliyyah (أهلية) which refers to a person's capability to enjoy legal rights and...

Ahliyyat al-Wujub

A type of ahliyyah (أهلية) which refers to a person's capability to enjoy legal rights and assume responsibilities. By default,...

Khultah

Arabic (خلطة) for mixing (pooling) of a number of shari'ah-compliant asset classes in securitization (tasnid/ taskik) or capital structure. Examples of khultah in securitization include...

Noncommutative Contract

A non-compensatory contract (in Arabic, aqd tabarru) in which a property is donated by one party to another against no...

Mudarabah

One of the essential modes of profit/loss-sharing in Islamic finance, which is based on the concurrence of capital providers (called...

Special Purpose Entity

A legal entity (such as corporate entity, limited partnership, trust, etc.) that is formed for the sole purpose of achieving...