One of the essential modes of profit-sharing in Islamic finance, which is based on the concurrence of capital providers (called...
Arabic (جهالة) for the lack of knowledge about the specifics of an object, event, or action, in spit of knowledge...
Arabic (مراطلة) for the sale (ba'i or bay') in which a type of money (naqd) is exchanged for money of...
An excessive degree of gharar that renders a contract or transaction void from a shari'a point of view. Gharar represents...
Arabic (قول الصحابي) for the opinion of a companion (sahabi) of the Prophet (peace be upon him). It is an...
A category of mal which includes things usually sold and bought individually or by numbers such as plots of land,...
A category of mal which includes things usually sold and bought individually or by numbers such as plots of land,...
Arabic (قبول) for acceptance of an offer in a contract ('aqd). It is one of the two essential elements of...
Arabic (قمار) for any game of chance, where the final result depends a random process or an uncertain event. Examples...
Arabic (مصلحة عامة) for public good or public benefit or public interest. According to shari'ah, all economic activities should take...