A non-refundable deposit which is paid by a potential buyer to a seller, and whereby the former retains the right...
An Islamic equivalent of the conventional call option. It is structured in a way that the premium paid by the...
Arabic (أهلية الأداء) for active legal capacity or capacity of execution/ performance; a term that describes a person's fitness or...
Arabic (أهلية الأداء) for active legal capacity or capacity of execution/ performance; a term that describes a person's fitness or...
Arabic (أهلية الوجوب الناقصة) for being partially eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...
Arabic (أهلية الوجوب الكاملة) for being fully eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...
A type of partnership contract (aqd al-musharaka) in which the owner of an orchard (bustan- in Arabic script: بستان) agrees...
A class of contracts to which shari’ah has assigned specific names and handled in details their respective rules and stipulations....
A class of contracts to which shari’a neither assigned specific names nor handled in details their respective rules and stipulations....
In the context of Islamic financial mua’amalat, an aqd lazim (عقد لازم) refers to a valid and effective contract (aqd)...