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Onerous Commitment

A commitment for which an entity has to incur unavoidable costs to meet the corresponding contractual obligation in excess of...

    Onerous Contract

    A contract/ aqd (on an entity- e.g., an Islamic bank) in which the unavoidable costs of meeting the obligations under...

      Onerous Commitment

      A commitment (on an entity- e.g., an Islamic bank) in which the unavoidable costs of meeting the obligations under the...

        Ancillary Khiyar

        A type of khiyar (option) that is embedded in, or associated with, an Islamic finance arrangement (contract). By nature, the...

          Ancillary Wad

          A type of wad (promise) that is embedded in, or associated with, an Islamic finance arrangement (contract). By nature, the...

            Product Wad

            A type of wad (promise) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...

              Product Khiyar

              A type of khiyar (option) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...

                Product Wa’ad

                A type of wa'ad (promise) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...

                  Ancillary Wa’ad

                  A type of wa'ad (promise) that is embedded in, or associated with, an Islamic finance arrangement (contract). By nature, the...