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Ihtikar

A market manipulative practice (black marketeering, regrating or monopoly) that involves the creation of artificial shortages in the supply of...

Aqd al-Muawadhah

Arabic (عقد المعاوضة) for compensatory contract (commutative contract) whereby one party receives compensation/ consideration (iwadh) from another party in return...

Al-Bay’ al-Nafidh

Arabic (البيع النافذ) for a type of al-bay' al-muna'aqid (enforceable contract of sale). By definition, it is a contract of...

Sovereign Sukuk

In Arabic (الصكوك السيادية). Sukuk (plural of sakk) that are issued by governments (through their central banks or monetary agencies...

Wakalah Venture

Under wakalah bil-istithmar (investment agency), it is an investment in transferable investments or single-asset or pooled-assets investments where such investments,...

Corporate Sukuk

Sukuk which are issued by the corporate sector in a country, whether in local or foreign currencies. These sukuk help...

Variable Rate Redeemable Sukuk

A type of sukuk whose underlying contract is musharakah, and as such have a relatively stable rate as compared to...

Pass Through Investment

Under wakalah bil-istithmar (investment agency), it is an investment subject to restriction as to its transferability and the involvement of...

Bay’ al-Muratalah

The sale (ba'i or bay') in which a type of money (naqd) is exchanged for money of its genus based...

Al-Muratala

According to Maliki school, it is a trade or exchange of money for money (coins for coins) of the same...