A sale (ba'i) contract that is enforceable. It typically involves the exchange of some types of wealth (mal) whereby one...

A type of sukuk structure in which sukuk certificates have an embedded option giving the sukuk holders the right, without...

An Islamic investment fund which derives its income from purchasing commodities on behalf, and for the benefit of, clients. The...

In relation to debts (duyun), hiwalah refers to the transfer/ assignment of debt from one party (the transferor/ assignor, or...

Under shari’a, it is permissible to trade in foreign exchange provided that both countervalues (badalain, pl. of badal) are exchanged...

A type of sukuk structure in which sukuk certificates have an embedded option giving the sukuk holders the right, without...

A situation that arises when a sale (ba'i) is concluded over a previous sale. More specifically, it is the case...

A contract of sale (ba'i) in which the buyer picks up the goods and pays the price (thaman) to the...

A funding mechanism whereby money is raised from a large number of people (the crowd), using an online network, in...

Arabic (إقالة) for cancellation of a contract (aqd); a bilateral agreement of the contracting parties to not proceed with the...