In a contract of al-kafalah (or al-kifalah), it is the party who provides assurances as to the performance of an...

A type of sukuk structure in which sukuk certificates have an embedded option giving the sukuk holders the right, without...

An Islamic investment fund which derives its income from purchasing commodities on behalf, and for the benefit of, clients. The...

In relation to debts (duyun), hiwalah refers to the transfer/ assignment of debt from one party (the transferor/ assignor, or...

Under shari’a, it is permissible to trade in foreign exchange provided that both countervalues (badalain, pl. of badal) are exchanged...

A type of sukuk structure in which sukuk certificates have an embedded option giving the sukuk holders the right, without...

Arabic (عقد مضاف) for a contract (aqd) which comes into effect at a specific date in the future. In this...

A situation that arises when a sale (ba'i) is concluded over a previous sale. More specifically, it is the case...

A contract of sale (ba'i) in which the buyer picks up the goods and pays the price (thaman) to the...

A funding mechanism whereby money is raised from a large number of people (the crowd), using an online network, in...