Shari'a permits that a third party, other than the mudarib (in mudaraba) or investment agent (in investment agency, wakala) or...

In Islamic finance, bilateral promising, or muwa'adah in Arabic, refers to a promise which is issued by a counterparty against...

In Arabic, it is originally known as a wa'ad ghair mulzim; a wa’ad (promise) in which the promisor (al-wa’ed) is...

An Arabic term (وعد غير ملزم) that translates as nonbinding promise; a wa’ad (promise) in which the promisor (al-wa’ed) is...

An Arabic term (وعد ملزم) that translates into binding promise; a wa’ad (promise) in which the promisor (al-wa'ed) is under...

A proclamation by two persons of their intent to enter into a contract (aqd) in the future whose effects will...

Arabic (الوعد بالبيع) for promise (wa’ad) to sell. It is usually embedded in exchange-based contracts/ commutative contracts (uqud al-mua’wadhah) such...

Arabic (الوعد بالبيع) for promise (wa’ad) to sell. It is usually embedded in exchange-based contracts/ commutative contracts (uqud al-mua’wadhah) such...

A structure that bears resemblance to a conventional option (khiyar taqlidi). However, this structure uses wa'ad (promise) in a specific...

A type of wa'ad (promise) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...