A – Page 5 – Fincyclopedia

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Arboun

Arabic (عربون) for down payment, "partial" payment in advance, or security deposit. The payment/ deposit is intended to secure a...

Ahliyyat al-Ada Al-Kamilah

Arabic (أهلية الأداء الكاملة) for being completely eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...

Ahliyyat al-Ada Al-Naqisah

Arabic (أهلية الأداء الناقصة) for being partially eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...

Ahliyyah al-Ada Al-Naqisah

Arabic (أهلية الأداء الناقصة) for being partially eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...

Al-Afw

Arabic (العفو) for surplus or what exceeds a minimum/ sustenance limit. Literally, it has the meanings of amnesty, pardon, forgiveness,...

Al-Adl

Arabic (العدل) for justice or fairness. For example, the Qur’an states that: “Allah enjoins al-adl (justice) and al-ihsan (benevolence/ doing...

ALS

An acronym for asset-light sukuk; a sukuk structure that involves intangible assets as underlying, or in which the requirement of tangible assets is minimal. Companies...

Al-Muhtaal Alaihi

Arabic (المحتال عليه) for the party accepting the debt (dayn/ dain- دين) liability that needs to be discharged or repaid...

Abd Mukatib

Arabic (عبد مكاتب) for a slave (abd) who earned his/ her freedom after having agreed to make a future payment...

Al-Kafil

In a contract of al-kafalah (or al-kifalah), it is the party who provides assurances as to the performance of an...