Islamic Finance – Page 136

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Product Wad

A type of wad (promise) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...

Product Khiyar

A type of khiyar (option) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...

Product Wa’ad

A type of wa'ad (promise) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...

Ancillary Wa’ad

A type of wa'ad (promise) that is embedded in, or associated with, an Islamic finance arrangement (contract). By nature, the...

Ghalla

In Islamic finance, ghalla (غلة) generally refers to any type of income produced by a factor of production (labor, capital,...

Ghallah

In Islamic finance, ghallah (غلة) generally refers to any type of income produced by a factor of production (labor, capital,...

Al-Ghallah

In Islamic finance, al-ghallah (الغلة) generally refers to any type of income produced by a factor of production (labor, capital,...

Ghallat al-Waqf

Arabic for yield (ghallah) of an Islamic endowment (waqf); it represents the the net surplus from the waqf's financial activities...

Wakalah bil-Istithmar

A method (Arabic for وكالة الاستثمار) whereby Islamic financial institutions manage funds on behalf of their customers. This involves providing...

Ba’i Munaqid

A sale (ba'i) contract that is enforceable. It typically involves the exchange of some types of wealth (mal) whereby one...