English for al-wa’ad bil ba’i/ bai’/ bay’ (الوعد بالبيع). It is usually embedded in exchange-based contracts (uqud al-mua’wadhah) such as…
From a shari’a perspective, it is not permissible that a solvent debtor defaults on his debt or delays settlement (in...
It stands for profit equalization reserve; a reserve that is created by an Islamic bank by appropriating a specific amount…
A rent or wage amount or consideration that is determined by an arbitrator or judge (if disputed), or with respect…
A clause in a commutative contract (aqd mu’awadhah) that stipulates that an agreed amount of money shall be paid to…
A form of tawarruq (Islamic monetization) which is sought per se as a mode of investment or financing, rather than…
A type of waqf (specifically, incorporated waqf) whose proceeds are used to serve a specific group of individuals (beneficiaries) such...
If the seller in a murabaha transaction manages to obtain, as a purchaser, a discount on the object of sale…
A category of buyu (pl. of ba'i or bay') that consists of all sales that are impermissible under shari'a due...
The process of mixing, and adding together, a number of shari’ah-compliant asset classes in securitization (tasnid/ taskik) or capital structure. Examples of pooling (khultah) in...