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Earnest Money

It is urboun or arbun in Arabic. By definition, it the amount of money which is paid by a potential...

Eiarah

Arabic (إعارة) for a special case of ijarah where the usufruct of subject-matter (property) is transferred by the owner to...

Tawlia

A type of sale (ba'i or bay') in which the price (thaman) is set equal to the original acquisition price...

Tawliah Sale

The selling of a commodity for its original purchase price/ cost price neither with adding a mark-up nor with applying...

Tawlia Sale

The selling of a commodity for its original purchase price/ cost price neither with adding a mark-up nor with applying...

Einah

A transaction whereby a person buys an asset/ commodity from a seller on the basis of deferred payment, and sells...

Eina

A transaction whereby a person buys an asset/ commodity from a seller on the basis of deferred payment, and sells...

Istisna’a Tamwili

An istisna’a contract (استصناع) that combines two separate or stand-alone istisna’a contracts , the first of which is concluded between...

Al-Afw

Arabic (العفو) for surplus or what exceeds a minimum/ sustenance limit. Literally, it has the meanings of amnesty, pardon, forgiveness,...

Al-Adl

Arabic (العدل) for justice or fairness. For example, the Qur’an states that: “Allah enjoins al-adl (justice) and al-ihsan (benevolence/ doing...