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Fungible Items

Items that are mutually interchangeable, i.e., the units of which are identical (in specifications/ features), and if destructed will be...

MPO

An acronym for murabaha to the purchase orderer which is a murabaha transaction whereby the Islamic bank purchases an asset/...

Ahliyyat al-Ada Al-Kamilah

Arabic (أهلية الأداء الكاملة) for being completely eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...

ICF

It stands for Islamic crowdfunding; a form of financing that involves the combination of Islamic finance with crowdfunding so as...

Parallel Salam

A salam contract in which the seller (the short) or the buyer (the long) in the original (previous) salam becomes...

Ahliyyat al-Ada Al-Naqisah

Arabic (أهلية الأداء الناقصة) for being partially eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...

Ahliyyah al-Ada Al-Naqisah

Arabic (أهلية الأداء الناقصة) for being partially eligible for taklif/ takleef, i.e., the capacity (ahliyyah) of a person to enjoy...

Maisir

Arabic (ميسر) for gambling or broadly any activities or transactions involving a gambling element. In relation to contracts (commutative contracts),...

Maysir

Arabic (ميسر) for gambling or broadly any activities or transactions involving a gambling element. In relation to contracts (commutative contracts),...

Sukuk al-Qiradh

A type of musharaka sukuk that is structured based on the contract of muqaradha (mudharaba), whereby the capital (ras al-mal)...