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Intifa’a

Arabic (انتفاع) for utilization. In other words, it is the process of taking or extracting usufruct (manfa’ah) from something (asset,…

Irsad

Arabic (إرصاد) for allocation of a public property for public use/ utility. This happens when government authorities earmark and allocate…

Ijarah Thumma Ba’i

An agreement that incorporates the sale of the leased asset (in an ijarah contract) at the end of the lease…

Ijarat Al-Zhimmah

Arabic (إجارة الذمة) for an ijarah which has a described usufruct (manfa’ah mawsufah fi zhimmah) as underlying. The lessor is…

Awarid Al-Ahliyyah

Arabic (عوارض الأهلية) for impediments to legal competence. More specifically, awarid (plural of aridah) are all emerging shortcomings or deficiencies…

Sadaqa

A voluntary act (nafelah) that involves giving or donating to a person or charity. By nature, sadaqa (in Arabic script…

Restricted Guaranty

A guaranty that is restricted by al-wasf or description. As such, guaranty is classified as current guaranty and deferred guaranty.…

Rokhsah

Arabic (رخصة) for a dispensation or permission or exemption as given by shari’a to Muslims in specific circumstances (e.g., illness,…

Bankruptcy

In Arabic iflas (إفلاس). In general, it is a situation when a person runs short of funds. The bankrupt person...

Ba’i al-Fodhouli

Al-fodhouli is a person who intervenes or interferes in others’ affairs without being invited or called on (out of curiosity).…