The party who seeks liquidity from entering into a tawarruq (Islamic monetization). In Arabic script, mutawarriq is written: متورّق (جمع:…
The act or process of taking risk, whether intentionally or unintentionally. In its juristic sense, mukhatarah is a condition for…
A maqassa that involves the discharge of two debts at the request of the creditor, or the party who is…
A form of musharaka sukuk that is structured based on the contract of muqaradah (mudaraba), whereby the capital (ras al-mal) is…
A type of maqassa or set-off that is implemented without stipulating or requiring the bilateral consent or agreement of both...
A type of maqassa or set-off that is implemented without stipulating or requiring the bilateral consent or agreement of both...
A murabaha transaction that involves an Islamic bank or financial institution purchasing shares through a client as agent and reselling…
Arabic (محاباة) for deference in a transaction. More specifically, it means a favor extended in an exchange-based transaction, either by…
The lowest amount of money/wealth/savings that, if reached or exceeded, makes zakah (zakat) obligatory. It is not obligatory, that is…
A type of guaranty (guarantee or kafalah in Arabic) in which a third-party guarantees all of a trader’s debts, as…