An item of sukuk documentation which constitutes an agreement between the seller and a special purpose vehicle (SPV) or the...
Arabic (شرط باطل) for a shart (condition) in a commutative contract that leads to an impressible outcome (haram). For example,...
A subset of sharikat al-aqd (contractual partnership) in which two persons or more agree to cooperate and work together for...
Arabic (شركة العقد) for a type of sharikah (partnership) that is formed by means of mutual agreement between two or...
A type of sharikat al-aqd (contractual partnership) in which two persons or more agree to cooperate and work together for...
An Arabic term (صكوك الاستثمار) for investment sukuk. These are certificates (sukuk) of equal value which are issued and sold...
The sale of a monetary amount in exchange for another monetary amount. More specifically, it is the exchange of one...
Arabic (شرط الجزاء أو الشرط الجزائي) for penalty clause. A clause in a commutative contract (aqd mu'awadhah) that stipulates that...
A valid condition/ stipulation (shart), i.e., a contractual stipulation that is legally acceptable and binding on the parties to the...
A condition (shart) that renders the contract (aqd) in which it was stipulated a defective contract (i.e., though in essence...