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Islamic Finance


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Ghair Manqul


An Arabic term that translates into immoveable property, as opposed to moveable property (al-manqul); by definition, it is a property or asset that has a permanent and fixed presence and is not possible to be transferred or moved from one place to another. Examples include land, buildings, offices, infrastructure, etc. Taking possession of immoveables can be effected through relinquishment (release), i.e., by enabling the new owner (buyer, holder, etc) of entering into transactions with respect thereto.

It is also known, in Arabic, as iqar.


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