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Temporary Wakala

An agency contract (aqd al-wakala) that has a time limit on its term. In other words, the contract (aqd) is...

Temporary Wakalah

An agency contract (aqd al-wakalah) that has a time limit on its term. In other words, the contract (aqd) is...

Thaman al-Mithl

The market price (thaman) that is quoted for an item similar to another, with both having identical or similar features....

Thaman

The price or monetary amount of an object of sale (tangible like commodities or intangible like services), i.e., what is...

Tamkeen

Arabic (تمكين) for the process or act of enabling a party, to whom ownership of an asset is transferred, to...

Tamkin

Arabic (تمكين) for the process or act of enabling a party, to whom ownership of an asset is transferred, to...

Tier-1 Capital

A capital tier that constitutes the first line of defense or buffer against losses to an Islamic bank's capital that...

Tier-2 Capital

A capital tier that constitutes an addition to minimum capital requirements and represents a line of defense or buffer against...

Two-Tier Mudaraba

A type of mudaraba in which the Islamic bank (recipient of funds) acts as an intermediary between depositors and the bank’s clients who need financing. In...

Two-Tier Mudarabah

A type of mudarabah in which the Islamic bank (recipient of funds) acts as an intermediary between depositors and the bank’s clients who need financing. In...