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Constant Musharakah

A type of musharakah (establishing a sharikah) in which the partners' shares in the sharikah capital don't change throughout the musharakah tenor. Rather, the...

Constant Musharaka

A type of musharaka (establishing a sharika) in which the partners' shares in the sharika capital don't change throughout the musharaka tenor. Rather, the...

Gharar Fahish

An excessive degree of gharar that renders a contract or transaction void from a shari'a point of view. Gharar represents some form...

Ahkam

Plural of hukm or hukum; a legal or shari'a injunction that relates to the actions of individuals. Hukm is usually classified into different...

Madd

Arabic (مد) for a unit of weight measurement; an Islamic measurement unit (mekiyal) that is equal to a quarter (1/4)...

Sa’a

Arabic (صاع) for a small container; it is an Islamic weight measurement unit (measurement of volume) that is equivalent, according...

Awsuq

Arabic (أوسق) for plural of wasaq (وسق); an Islamic weight measurement unit that is equivalent, according to the majority of...

Wasaq

An Islamic weight measurement unit that is equivalent, according to the majority of fuqaha (jumhoor) except Abu Haneefah, to 130.56...

Manfaah

In simple terms, it is the right of an individual to use something that belongs to someone else, whether for...

PFX-i

A financial instrument (promissory FX) that contains an unconditional promise by one party to enter into a foreign exchange transaction...