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Deferred Murabaha

A type of murabaha (cost-plus sale) in which the purchaser pays the agreed amount (price plus market-up) for the goods...

Riba Jaly

Arabic (ربا جلي) for apparent usury (ostensible riba/ manifest riba/explicit riba). It is a type of riba that arises in...

Riba Jali

Arabic (ربا جلي) for apparent usury (ostensible riba/ manifest riba/explicit riba). It is a type of riba that arises in...

Ba’i al-Nasiah

Arabic (بيع النسيئة) for a type of sale on credit (ba'i ajel) in which the price (thaman) is paid in...

Ba’i al-Gharar

Arabic (بيع الغرر) for aleatory sale transactions or sales with uncertain outcome. In other words, it is the sale of...

Madeen

Arabic (مدين) for debtor; a party (legal or natural) that owes an amount of money (in whatever form, including economic...

Waqf Mubashar

A form of waqf (Islamic endowment) in which the output takes the form of services offered to the benefit of...

Shari’a Governance Framework

The governance framework which consists of a distinct set of elements (pertaining to Shari'a governance), compared to conventional governance framework,...

Sharikat al-Mulk

A type of partnership (sharikah/ sharika) which basically involves joint ownership (mulk in Arabic) by two or more persons in...

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...