A mode of trading (mutajarah) which involves the exchange of one asset for another without resorting to a medium of exchange (i.e.,...
A case of sale (ba’i) in which the buyer doesn’t haggle over the price (i.e., takes it as a given)....
The state in which a contract (aqd) is devoid of any option (khiyar) that may allow one of its parties...
Arabic (دين حال) for debt (dain) that is falling, or has fallen, due. Dain hal must be repaid by the...
A subset of sharikat al-aqd (contractual partnership) in which two persons or more agree to cooperate and work together for the purpose...
A type of sukuk structure in which the underlying pool of assets consists of two or more Islamic finance contracts. For example,...
A type of riba (usury) that was commonplace at pre-Islamic times (the period of ignorance, especially in the Arabian peninsula). Riba Jahiliyyah...
A type of riba (usury) that was commonplace at pre-Islamic times (the period of ignorance, especially in the Arabian peninsula). Riba al-Jahiliyyah...
Islamic banks lend funds based on trade (i.e., real economic activities) rather than pure finance. In other words, they act as...
A shari’a-compliant form of derivatives that is based on using contracts such as salam, back-to-back loans, etc., and applying tools...