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Cash and Cash Equivalents

All items that have the nature of cash (naqd) and cash equivalents including deposits with banks (demand deposits), both in...

Commutative Contract

In Arabic aqd mu'awadhah, it is a type of compensatory contract whereby one party receives remuneration/ consideration in return for...

Conditional Kifalah

A kifalah agreement that becomes effective if certain conditions are met. In other words, the guarantee/ suretyship comes into force...

Conditional Ibra

An ibra' which is associated with real conditions. Should a given condition(s) be met, the party with the obligation will...

Conditional Kafalah

A kafalah agreement that becomes effective if certain conditions are met. In other words, the guarantee/ suretyship comes into force...

Corporate Sukuk

Sukuk which are issued by the corporate sector in a country, whether in local or foreign currencies. These sukuk help...

Currency Trading

Under shari’a, it is permissible to trade in foreign exchange provided that both countervalues (badalain, pl. of badal) are exchanged...

Convertible Sukuk

A type of sukuk structure in which sukuk certificates have an embedded option giving the sukuk holders the right, without...

Constant Musharakah

A type of musharakah (establishing a sharikah) in which the partners' shares in the sharikah capital don't change throughout the musharakah tenor. Rather, the...

Constant Musharaka

A type of musharaka (establishing a sharika) in which the partners' shares in the sharika capital don't change throughout the musharaka tenor. Rather, the...