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Mandatory Set-Off

A type of maqassa or set-off that is implemented without stipulating or requiring the bilateral consent or agreement of both...

Mandatory Maqassa

A type of maqassa or set-off that is implemented without stipulating or requiring the bilateral consent or agreement of both...

Ihmal

Arabic (إهمال) for negligence which constitutes a failure to exercise an established, stipulated or customary set of rules and practices...

Al-Mudarib

Arabic (المضارب) for the labor provider/ worker in a contract of mudaraba. Labor or work includes entrepreneurship, management, and investment...

Ba’i al-A’awam

Arabic (بيع الأعوام) for a type of sale (ba’i) in which the underlying object is an agricultural produce (such as...

Sukuk Tap Issue

The process of issuing sukuk in continuation of past issues. The newly placed sukuk are issued with the same defining...

Ajir

A hired worker or a person that is employed or commissioned to provide a service for a prespecified remuneration (ujrah)....

Sukuk Tap Sale

The process of issuing sukuk in continuation of past issues. The newly placed sukuk are issued with the same defining...

Sukuk Tap

The process of issuing sukuk in continuation of past issues. The newly placed sukuk are issued with the same defining...

Bilateral Promising

In Islamic finance, bilateral promising, or muwa'adah in Arabic, refers to a promise which is issued by a counterparty against...