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Onerous Contract

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

Ajr Musamma

An Arabic term (أجر مسمى) that generally translates as stipulated remuneration, wage, recompense, consideration, commission, rate, price, or fees, among...

Onerous Commitment

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

Agent’s Remuneration

In Arabic ajr al-wakeel/ ajr al-wakil (أجر الوكيل). In wakalah/ wakala (agency), and its forms, it is the total amount...

Sukuk al-Wakalah Bil Istithmar

Arabic (صكوك الوكالة بالاستثمار) for agency certificates; a type of sukuk (pl. of sakk) in which the underlying contract is...

Ajr al-Wakalah

An Arabic term (أجر الوكالة) that translates as agent's remuneration. In wakalah/ wakala (agency), and its forms, it is the...

Ajr al-Wakeel

An Arabic term (أجر الوكيل) that translates as agent's remuneration. In wakalah/ wakala (agency), and its forms, it is the...

Ba’i al-‘Eina 

A round-tripping sale (or double sale) in which one party (actually the lender) sells another (actually the borrower) an object…

Contingent Convertible Sukuk

A type of sukuk structure (hybrid securities) in which sukuk certificates give the sukuk holders a contingent right to convert…

Hadeeth Mawquf

Arabic (حديث موقوف) for a hadeeth (prophetic tradition) in which the prophet's expressions, actions, approval/ disapproval or generally a description...