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Ghubn

Arabic (غبن) for a fraudulent practice by which one party to a commutative contract (ba’i, ijarah, salam, etc.) attempts to...

Al-Ghaban

Arabic (الغبن) for a fraudulent practice by which one party to a commutative contract (ba’i, ijarah, salam, etc.) attempts to...

CoCo Sukuk

It stands for contingent convertible sukuk; a type of sukuk structure (hybrid securities) in which sukuk certificates give the sukuk...

Commodity Murabaha

A murabaha-based, short-term placement operation that involves the the purchase and sale of commodities in the international exchanges. Islamic banks...

Halal

Anything that is permissible (halal or jaiz) or not impermissible (haram) under shari'ah. It constitutes of the entire set of...

Urboun

Arabic (عربون) for down payment, "partial" payment in advance, or security deposit. The payment/ deposit is intended to secure a...

Arbun

Arabic (عربون) for down payment, "partial" payment in advance, or security deposit. The payment/ deposit is intended to secure a...

Iwadh

An Arabic term (عوض) that denotes compensation or remuneration. In the context of Islamic financial and commercial transactions, it refers...

Arboun

Arabic (عربون) for down payment, "partial" payment in advance, or security deposit. The payment/ deposit is intended to secure a...

Sukuk al-Muqaradah

A type of sukuk al-musharakah that is structured based on the contract of muqaradah (mudaraba), whereby the capital (ras al-mal)...