Islamic Finance – Page 16

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Muslim Crowdfunding

A form of financing that involves the combination of Islamic finance with crowdfunding so as to address financing needs of…

Mu’amalah

Another designation for mudarabah (mudarabah/ mudharaba/ mudharabah); by definition, it is a partnership (sharakah) in profit whereby one party (rab…

Mu’amalat

In its general meaning, mu'amalat (معاملات) denotes transactions, dealings or deals, trades, etc. It covers all economic transactions and activities...

Kafalat-ul Souq

A type of guaranty (guarantee, or kafalah in Arabic) in which a third-party guarantees all of a trader’s debts, as…

Commissioned Manufacture

Also istisna’a in Arabic. It is a special kind of the contract of sale (bai’) in which the underlying commodity…

Ba’i al-‘Eina

A round-tripping sale (or double sale) in which one party (actually the lender) sells another (actually the borrower) an object…

Ba’i al-Mua’amalah

A type of sale (ba’i) in which a lender sells a commodity to a borrower for more than its market…

Bay’ al-Bara’ah

Arabic (بيع البراءة) for sale on ‘as is’ basis. It is a contract of sale (bay’), in which a person…

Waqf Khadami

A form of waqf (Islamic endowment) in which the output takes the form of services offered to the benefit of…

Waqf Mushtarak

Arabic (وقف مشترك) for joint waqf; a form of waqf (Islamic endowment) in which the assets (property) assigned as endowment…