Islamic Finance – Page 86

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Aqd al-Wakala

In Islamic finance, agency (wakala, وكالة in Arabic) is a contract (aqd) between two counterparties: an agent (wakeel) and principal...

Sharikat al-Amal

A type of sharikat al-aqd (contractual partnership) in which two persons or more agree to cooperate and work together for...

Aqd al-Wakalah

In Islamic finance, agency (wakalah, وكالة in Arabic) is a contract (aqd) between two counterparties: an agent (wakeel) and principal...

Wakalah Mutlaqah

Arabic (وكالة مطلقة) for unrestricted wakalah/ unrestricted agency; an agency contract (aqd al-wakalah) in which the principal (muwakkel) does not...

Qabdh Hukmi

An Arabic term (قبض حكمي) that denotes constructive possession; a method of taking possession of an asset (commodity, currency, etc)...

Qabdh

An Arabic term (قبض) that denotes "taking possession" or receipt of an object of sale or exchange, an amount of...

Qiradh

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

Al-Uqud Ghayr al-Musammah

A class of contracts to which shari’a neither assigned specific names nor handled in details their respective rules and stipulations....

Al-Wa’ad bil Ba’i

Arabic (الوعد بالبيع) for promise (wa’ad) to sell. It is usually embedded in exchange-based contracts/ commutative contracts (uqud al-mua’wadhah) such...

Al-Wa’ad bil Bay’

Arabic (الوعد بالبيع) for promise (wa’ad) to sell. It is usually embedded in exchange-based contracts/ commutative contracts (uqud al-mua’wadhah) such...