An Arabic term (سلم موازي) that denotes parallel forward delivery sale (parallel salam). It is a salam contract in which…
Arabic (شرط) for a condition or stipulation in a contract (aqd). Examples of shart (plural: shurut) include a lease with…
A type of sukuk structure in which sukuk certificates give sukuk holders residual claim over the assets financed by their…
Arabic (شيوع) for the state of an asset (particularly, a land) being jointly owned/ possessed by a number of persons,...
Arabic (صكوك الوكالة بالاستثمار) for agency certificates; a type of sukuk (pl. of sakk) in which the underlying contract is...
An investor, natural or legal person, that bears the certificate of sukuk entailing ownership (ownership stake) in the underlying assets...
A market player (such as an Islamic financial institution, IFI, or any other specialized entity) that creates the underlying asset...
Arabic (شبهة الربا) for potentiality of riba or suspicion of existing of riba in a transaction or dealing. In other…
Or kafalah in Arabic. It denotes an act by which a third party to a contract or transaction accepts to…
The divine guidance and precepts which are given and outlined by the Holy Qur’an, sent down by Allah, and the…