Shariah – Page 13 – Fincyclopedia

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Shart

Arabic (شرط) for a condition or stipulation or pr-requisite. Shurut (pl. of shart), more specifically, imply an act or situation...

Shurut

Arabic (شروط) for conditions or stipulations or pr-requisites. Shurut (pl. of shart), more specifically, imply an act or situation upon...

Contractual Set-Off

A set-off or maqassa that involves the discharge of two debts by the bilateral consent of the two parties to...

Compulsory Maqassa

A maqassa (مقاصة) that involves the spontaneous discharge of two debts that is not contingent on the request or consent...

Mandatory Set-Off

A type of maqassa or set-off that is implemented without stipulating or requiring the bilateral consent or agreement of both...

Mandatory Maqassa

A type of maqassa or set-off that is implemented without stipulating or requiring the bilateral consent or agreement of both...

Ihmal

Arabic (إهمال) for negligence which constitutes a failure to exercise an established, stipulated or customary set of rules and practices...

Al-Mudarib

Arabic (المضارب) for the labor provider/ worker in a contract of mudaraba. Labor or work includes entrepreneurship, management, and investment...

Ba’i al-A’awam

Arabic (بيع الأعوام) for a type of sale (ba’i) in which the underlying object is an agricultural produce (such as...

Sukuk Tap Issue

The process of issuing sukuk in continuation of past issues. The newly placed sukuk are issued with the same defining...