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Noncommutative Contract

A non-compensatory contract (in Arabic, aqd tabarru) in which a property is donated by one party to another against no...

Mudarabah

One of the essential modes of profit/loss-sharing in Islamic finance, which is based on the concurrence of capital providers (called...

Special Purpose Entity

A legal entity (such as corporate entity, limited partnership, trust, etc.) that is formed for the sole purpose of achieving...

SPE

It stands for special purpose entity; a legal entity (such as corporate entity, limited partnership, trust, etc.) that is formed...

Special Purpose Vehicle

A legal entity (such as corporate entity, limited partnership, trust, etc.) that is formed for the sole purpose of achieving...

SPV

It stands for special purpose vehicle; a legal entity (such as corporate entity, limited partnership, trust, etc.) that is formed...

Ajeer Aam

A public/ general worker or employee or an independent contractor who works for himself, rather than for a particular employer....

Jumhur al-Fuqaha

The majority of fuqaha, i.e., the majority of founders of the four leading schools of thought or mazhahib (Abu Haneefah,...

Qard al-Hasan

An interest-free loan (fungible, marketable wealth) that is extended by a lender to a borrower on the basis of benevolence...

Commutative Contract

In Arabic aqd mu'awadhah, it is a type of compensatory contract whereby one party receives remuneration/ consideration in return for...