An Arabic term (السلم الموازي) that translates as parallel forward delivery sale (parallel salam). It is a salam contract in...
A shari'a-nominated contract (nominate contract) that is based on trust or honesty as to the dealing between the two parties....
Arabic (الغنم) for gain /reward/ benefit which can be realized only if recipient has already borne all the risks (mukhatarah)...
An Arabic term (الغرم) that literally denotes damage or loss (or a cost incurred). In a more specific context, it...
Arabic (أركان العقد) for pillars/ elements/ cornerstones of a contract (aqd- عقد). The primary arkan (sing. rukn) of a contract...
A contract (aqd) that is contingent upon the occurrence of an event whose result or monetary effect is unknown as...
In Islamic fiqh, fadhalah (or fadalah) refers to the act(s) of al-fodhouli (al-fuduli), i.e., a person (natural or legal) who transacts (e.g. sells, rents, etc)...
In Islamic fiqh, fadhalah (or fadalah) refers to the act(s) of al-fodhouli (al-fuduli), i.e., a person (natural or legal) who transacts (e.g. sells, rents, etc)...
An Arabic term (الإباحة) that translates as permissibility. It is a principle, under shari'ah, that any act is permitted as...
An Arabic term that translates as permissible or allowable or optional without any corresponding outcomes, thawab or iqab, desirable/ undesirable...