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Ritl

An Islamic measure of weight (also, ratl; in Arabic script رطل) that has many versions, mainly including: 1) Makkan ratl...

Ba’i al-Subrah

A type of sale (ba'i) in which a heap of grains or any other commodity (dates, cotton, etc), in Arabic...

Ratl

An Islamic measure of weight (also, ritl; in Arabic script رطل) that has many versions, mainly including: 1) Makkan ratl...

Ba’i al-Sifah

A type of sale (ba’i) in which the transaction is effected based on detailed description of the object of sale....

Ba’i al-Istislam

A case of sale (ba’i) in which the buyer doesn’t haggle over the price (i.e., takes it as a given)....

Ijarah ala al-A’amal

A type of ijarah contract in which the underlying usufruct (manfa'ah) is a person’s work, effort, expertise, etc. According to...

Islamic Interbank Benchmark Rate

A Shari’a-compliant reference rate for the cost of funding in Islamic money markets. Islamic finance prohibits interest (riba) and shuns...

Islamic Credit Card

A shari'a-compliant credit card which provides a revolving credit facility within a credit limit and during a credit period determined...

Ijarah Mausufah Fi Zhimmah

An ijarah contract whose underlying is an unidentified unit of asset that will be leased at a future date. It...

Wakalah bil Ajr

Arabic (وكالة بالأجر) for paid agency; a wakalah in which remuneration (ajr or iwadh) is explicitly stipulated and specified in...