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Secondary Sources of Shari’a

Shari’a (shari'ah) holds the center stage of Islamic religion as it defines the route Muslims have to follow in matters...

Shari’ah Index Screening Methodology

The criteria and guidelines that are used by shari'a-compliant equity indexes to verify that their stocks meet the screening requirements...

Shari’ah Screening of Shares

In principle, shari'ah permits investment and trading in equities (shares of stock). However, shari'ah excludes the shares of companies that...

Special Purpose Entity

A legal entity (such as corporate entity, limited partnership, trust, etc.) that is formed for the sole purpose of achieving...

SPE

It stands for special purpose entity; a legal entity (such as corporate entity, limited partnership, trust, etc.) that is formed...

Special Purpose Vehicle

A legal entity (such as corporate entity, limited partnership, trust, etc.) that is formed for the sole purpose of achieving...

SPV

It stands for special purpose vehicle; a legal entity (such as corporate entity, limited partnership, trust, etc.) that is formed...

Security/ Guarantee in Ijarah

By nature, an ijarah contract creates a liability on the lessee in the form of payable rental (ujrah), which gives...

Sukuk al-Wakalah

Arabic (صكوك الوكالة) for agency certificates; a type of sukuk (pl. of sakk) in which the underlying contract is wakalah....

Sukuk al-Waqf

Arabic (صكوك الوقف) for endowment sukuk; sukuk which use waqf (waqf assets – mawqoof) as underlying asset. In this sense,...