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Aqd al-Musaqat

A type of partnership contract (aqd al-musharaka) in which the owner of an orchard (bustan- in Arabic script: بستان) agrees...

Aqd al-Wakala

In Islamic finance, agency (wakala, وكالة in Arabic) is a contract (aqd) between two counterparties: an agent (wakeel) and principal...

Aqd al-Wakalah

In Islamic finance, agency (wakalah, وكالة in Arabic) is a contract (aqd) between two counterparties: an agent (wakeel) and principal...

Al-Uqud Ghayr al-Musammah

A class of contracts to which shari’a neither assigned specific names nor handled in details their respective rules and stipulations....

Named Contract

A class of contracts to which shari’ah has assigned specific names and handled in details their respective rules and stipulations....

Nominate Contract

A class of contracts to which shari’ah has assigned specific names and handled in details their respective rules and stipulations....

Shart al-Jazai

Arabic (شرط الجزاء أو الشرط الجزائي) for penalty clause. A clause in a commutative contract (aqd mu'awadhah) that stipulates that...

Shart Sahih

A valid condition/ stipulation (shart), i.e., a contractual stipulation that is legally acceptable and binding on the parties to the...

Shart Fasid

A condition (shart) that renders the contract (aqd) in which it was stipulated a defective contract (i.e., though in essence...

Aqd al-Musaqah

A type of partnership contract (aqd al-musharakah) in which the owner of an orchard (bustan- in Arabic script: بستان) agrees...