One of the categories of maslaha or human needs that corresponds to basic necessities of life, including food, shelter, clothes,...
An Arabic term (أكل أموال الناس بالباطل) that translates as unlawful acquisition of wealth (mal) or unjust enrichment. It describes...
Arabic (عقود الإطلاقات) for contracts (uqud- plural of aqd) that involves removal of restrictions to disposal or conduct. These contracts...
It stands for unrestricted investment account, which is an Islamic investment account that is subject to no restrictions as to...
A deposit (wadi'ah) in trust (by one person or counterparty with another), whether explicitly by way of contract or implicitly...
A distinct category of maslaha or human needs that refers to things and activities that refine and embellish people's lives....
An Arabic term (السلم الموازي) that translates as parallel forward delivery sale (parallel salam). It is a salam contract in...
Arabic (إيجاب) for offer; an essential element of a contract (aqd) in Islamic finance. It constitutes the declaration or a...
A shari'a-nominated contract (nominate contract) that is based on trust or honesty as to the dealing between the two parties....
Arabic (إيجاب وقبول) for offer (ijab or 'ardh) and acceptance (qabul); the two essential elements of a contract (aqd) in...