The mudarib’s (mudharib’s) laxity that results in his nonfulfillment of his duties under the contract of mudharaba/ mudaraba (aqd al-mudharaba/…
An approach for performing audits (both financial and Shari’ah) with a specific focus on associated risks and risk-related areas that…
Arabic (رخصة) for a dispensation or permission or exemption as given by shari’a to Muslims in specific circumstances (e.g., illness,…
An agency contract (aqd al-wakalah) in which the principal (muwakkel) restricts the acts or discretion of the agent (wakil). For…
Arabic (ربح المثل) for matching rate of profit or prevalent rate of profit or benchmark/reference profit rate. It refers to…
A form of waqf (Islamic endowment) whose assets are intended for investment (i.e., generating income). The income generated from managing…
Arabic (وقف منقول) for movable endowment (waqf). It is a type of waqf in which the subject matter (mawqoof) is...
Arabic (وقف غير منقول) for immovable endowment (wakaf). It is a type of wakaf (waqf) in which the subject matter...
Arabic (وقف غير منقول) for immovable endowment (waqf). It is a type of waqf in which the subject matter (mawqoof)...
Arabic (المبارأة, مبارأة) for mutual relief from obligations or commitments. It involves, in case of exit, one party or more...