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Historical Cost

In the conventions of Islamic accounting, the historical cost of an asset is its fair value at the date of...

Mukhabarah

Arabic (مخابرة) for sharecropping whereby a plot of land is rented for part of its yield (ghallah). It is a...

Mukhabara

Arabic (مخابرة) for sharecropping whereby a plot of land is rented for part of its yield (ghalla). It is a...

Fadalah Contract

In Islamic fiqh, fadalah (or fadhalah) refers to the act(s) of al-fodhouli (al-fuduli), i.e., a person (natural or legal) who...

Fadalah

In Islamic fiqh, fadalah (or fadhalah) refers to the act(s) of al-fodhouli (al-fuduli), i.e., a person (natural or legal) who...

Khiyar al-Wasf

An option (khiyar) that comes into effect if the buyer finds out that a desired feature or specification of the...

Khiyar Tafarruq al-Safqah

A khiyar (option) which gives the buyer the right, if the object of sale is in different parts (i.e., partitioned),...

Khiyar al-Kammiyyah

A khiyar (option) that comes into effect if a person buys an item in barter for items placed together as...

Khiyar al-Majlis

A khiyar (option) which is conferred on each of the parties to a contract (aqd) allowing them to rescind it...

Khiyar al-Shart

A khiyar (option) that constitutes a condition stipulated in the contract. This option confers on the parties to the contract...