Arabic (بيع باطل) for void sale (void contract/ transaction of sale). It is a type of bay' (belonging to the...
Arabic (بيع باطل) for void sale (void contract/ transaction of sale). It is a type of ba'i (belonging to the...
A national-level Shari’a board that oversees the Islamic finance industry in its own country, in addition to providing consultation to…
From a shari’a perspective, it is permissible to leave a pledged asset/collateral, with respect to a credit transaction, in the…
A bill of exchange which is drawn on or by a bank, payable at some preset future date, to securitize…
A sale (bay') that involves the exchange of an asset for specified monetary units (the price/ thaman). With respect to...
It stands for additional tier-1 sukuk; the additional proceeds from a sukuk issuance that are used to enhance an entity's...
A clause in a commutative contract (aqd mu’awadhah) that stipulates that an agreed amount of money shall be paid to…
A form of tawarruq (Islamic monetization) which is sought per se as a mode of investment or financing, rather than…
If the seller in a murabaha transaction manages to obtain, as a purchaser, a discount on the object of sale…