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Ijarah Tashgheeliyah

Also known as operating ijarah (In Arabic إجارة تشغيلية); by definition it is an ijarah contract that doesn't end up...

Maslahah

Arabic (مصلحة) for a juristic device that is usually used to promote public interest/ benefit/ welfare and prevent or repel...

Maslahah Mursalah

Arabic (مصلحة مرسلة) for unregulated/ unattested public interest (maslahah a'ammah) for which there is no textual authority/ reference (source of...

Sharikat Jabr

Arabic (شركة جبر) for a subset of sharikat al-mulk in which the partnership comes into effect when two or more...

Sharikat Ikhtiyar

Arabic (شركة اختيار) for a subset of sharikat al-mulk which represents a voluntary or optional general partnership that comes into...

Sharikat al-Sanai’e

Arabic (شركة الصنائع) for a type of sharikat al-aqd (contractual partnership) in which two persons or more agree to cooperate...

Islamic Call

A shar'iah-compliant equivalent to conventional call option. The call option gives the holder the right, without the obligation, to buy...

Waqf Khairi

Arabic (وقف خيري) for charitable waqf; a type of waqf whose proceeds are used to serve a specific group of...

Kafalah Muqayyadah

A guarantee/ guaranty/ suretyship (kafalah) that is restricted by description (e.g. deferred or current). It is permissible to restrict a...

Kafalah Mutlaqah

A mode of guarantee/ guaranty/ suretyship (kafalah) that is free from any condition whether in the form of deferment, acceleration,...