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Unnamed Contract

A class of contracts to which shari’a neither assigned specific names nor handled in details their respective rules and stipulations....

Unrestricted Investment Account

An Islamic investment account that is subject to no restrictions as to the purpose, geographical distribution or way of investing...

Uqud al-Muawadhat

Arabic (عقود المعاوضات) for commutative contracts (contracts of exchange). A type of contracts (uqud- plural of aqd) whereby ownership is...

Uqud al-Hifz

Arabic (عقود الحفظ) for a category of contracts (uqud/ aqd) that are designed for protection or safeguarding of property (mal)....

Uqud Musammat

A class of contracts to which shari’a has assigned specific names and handled in details their respective rules and stipulations....

Urf

Arabic (عرف) for customary practices; it refers to the norms, values, and customs of the majority of a society or...

Uqud al-Itlaqat

Arabic (عقود الإطلاقات) for contracts (uqud- plural of aqd) that involves removal of restrictions to disposal or conduct. These contracts...

URIA

It stands for unrestricted investment account, which is an Islamic investment account that is subject to no restrictions as to...

Uqud al-Ishtirak

Arabic (عقود الإشتراك) for contracts (uqud- plural of aqd) that entail sharing in ventures/ businesses and profits (ribh) through specific...

Unrestricted Wakalah

An agency contract (aqd al-wakalah) in which the principal (muwakkel) does not place any restrictions on the acts or discretion...