A waqf of the usufruct (manfa’ah– manafi’) of a rented property. It is a temporary waqf (waqf muaqqat) which only…
Interest (usury or riba) that is earned on lending money to another party (or interest that is paid on borrowing…
In simple terms, it is the right of an individual to use something that belongs to someone else, whether for…
In general, usury refers to the predetermined interest which a lender charges on, and collects from, a borrower. The lender…
Extra-legal devices or ruses/tricks that are used by late Muslim jurists to circumvent the rulings of shari’a (ahkam) in achieving…
The risk that affects the operations of an Islamic bank (Islamic financial institution– IFI) including the risk of loss arising…
Arabic (غبن يسير) for a slight or minor ghabn; ghaban is a fraudulent practice by which one party to a...
Arabic (غبن يسير) for a slight or minor ghabn; ghaban is a fraudulent practice by which one party to a...
Arabic (غبن يسير) for a slight or minor ghabn; ghabn is a fraudulent practice by which one party to a...
An approach for performing audits (both financial and Shari’ah) with a specific focus on associated risks and risk-related areas that…