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Gharar Kathir

An excessive degree of gharar that renders a contract or transaction void from a shari'a point of view. Gharar represents...

    Mukharajah

    Arabic (مخارجة) for a composition that is entered into by joint heirs to property, whereby some waiver their shares in...

      Al-Thaman

      The price or monetary amount of an object of sale (tangible like commodities or intangible like services), i.e., what is...

        Service Agency Agreement

        An item of sukuk documentation which constitutes an agreement between the seller and a special purpose vehicle (SPV) or the...

          Shart Batil

          Arabic (شرط باطل) for a shart (condition) in a commutative contract that leads to an impressible outcome (haram). For example,...

            Al-Shart al-Batil

            A shart (condition) in a commutative contract that leads to an impressible outcome (haram). For example, a shart batil may...

              Bay’ al-Mawquf

              A type of sale (ba'i) which is lawful in substance and description but is concluded by, or with the intervention/...

                Hikr

                Arabic (حكر) for a lease contract (ijarah) that is concluded for the purpose of keeping an endowed land (ardh mawqufah)...

                  Benevolent Loan

                  An interest-free loan (fungible, marketable wealth) that is extended by a lender to a borrower on the basis of benevolence...

                    Tahkir

                    Arabic (تحكير) for a lease contract (ijarah) that is concluded for the purpose of keeping an endowed land (ardh mawqufah)...