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Muzara’ah

Arabic (مزارعة) for sharecropping; a partnership (sharikah/ musharakah) in crops whereby one party (land owner) presents a piece of land...

Musaqa

A partnership (sharika) in which one party presents designated plants/ trees that produce edible fruits to another (irrigating worker- musaqi...

Mugharasa

A type of partnership (musharaka) in which one party (a land owner) presents a treeless piece of land to another...

Mugharasa Sukuk

Certificates of equal value (sukuk) which are issued on the basis of mugharasa contract (aqd al-mugharasa) for the purpose of...

Mandoob

A shari’a classification of hukum (or hukm) which includes all recommended or desirable actions whose fulfillment is rewarded or praiseworthy,...

Muwarriq

The party who provides liquidity to the seeker of liquidity (mutawarriq/ mustawriq) in a tawarruq (Islamic monetization) transaction. In Arabic...

Muwaadah

In Islamic finance, muwa'adah, or mutual promising or bilateral promising, refers to a promise which is issued by a counterparty...

Manqul

An Arabic term that translates as moveable property, as opposed to immovable property (al-iqar); By definition, it is a property...

Mithli

A category of mal which encompasses commodities usually sold and bought by weight capacity, or measure such as gold, rice,...

Mithlan Bi Mithl

Arabic (مثلاً بمثل) for like for like. Ribawi items (such as gold, silver, dates, wheat, etc) cannot be exchanged (i.e., different...