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Ba’i al-Tashreek

Arabic (بيع التشريك) for a special case of tawlia sale (ba'i al-tawliyah) in which the profit waiver on the underlying...

Rab-ul Mal

Arabic (رب المال) for the capital provider (provider of funds) in a contract of mudaraba. Rab-ul mal hands over mudaraba...

Qard Hasan

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

Mal Qimi

An Arabic term (مال قيمي) that translates non-fungible items of wealth or valuables (mal). Mal qimi is a category of...

Mal Mithli

Arabic (مال مثلي) for fungible items; items (amwal- pl. of mal) that are mutually interchangeable or replaceable, i.e., the units...

Qardh

An Arabic term (قرض) that translates as an interest-free loan. More specifically, it refers to the transfer of the ownership...

Qardh Ribawi

An Arabic term (قرض ربوي) that denotes “interest-bearing loan” (riba-based qardh). In other words, qardh ribawi is a loan extended...

Rab al-Mal

Arabic (رب المال) for the capital provider (provider of funds) in a contract of mudaraba. Rab al-mal hands over mudaraba...

Mal Ribawi

Arabic (مال ربوي) for any kind of wealth or property (mal) that is inherently susceptible to riba. Traditionally, mal ribawi...

Murabaha Master Agreement

A contractual framework which governs a murabaha transaction in which there are several objects (assets/ commodities) in several contracts between...