A distinct category of maslahah or human needs that comprises all things and activities that are not key to the...
Arabic (هبة الثواب) for gift (hibah) conditional upon receipt of consideration (thawab). It is a gift intended to solicit some...
An Arabic term that translates as moveable property, as opposed to immovable property (al-iqar); By definition, it is a property...
One of the secondary sources of shari'a which constitutes a unanimous agreement among most knowledgeable and highly qualified scholars who...
Arabic (عقود الإشتراك) for contracts (uqud- plural of aqd) that entail sharing in ventures/ businesses and profits (ribh) through specific...
An Islamic finance alternative to option contracts (conventional options). By definition, it is a shari'ah compliant form of contract which...
A sukuk issue that has the features of both perpetual sukuk and subordinated sukuk. More specifically, the issue does not...
A classification of sukuk that constitutes part of the first or core layer of a bank's capital (core capital), which,...
A sukuk issue that does not mature and hence sukuk are treated as equity (huqooq al-mulkiyyah) rather than debt (dayn)....
A classification of sukuk that constitutes part of the first or core layer of a bank's capital (core capital), which,...