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Aqd al-Musaqa

A type of partnership contract (aqd al-musharaka) in which the owner of an orchard (bustan- in Arabic script: بستان) agrees...

Aqd Musamma

A class of contracts to which shari’ah has assigned specific names and handled in details their respective rules and stipulations....

Aqd Ghair Musamma

A class of contracts to which shari’a neither assigned specific names nor handled in details their respective rules and stipulations....

Aqd Lazim

In the context of Islamic financial mua’amalat, an aqd lazim (عقد لازم) refers to a valid and effective contract (aqd)...

Aqd Ghair Lazim

In the context of Islamic financial mua’amalat, an aqd ghair lazim (عقد غير لازم) refers to a valid and effective...

Tawreeq

The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...

Tawriq

The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...

Khiyar al-Ruyat

A khiyar (option) whereby the buyer as the right either to consummate the contract of sale or revoke it upon...

Fiqh al-Nawazel

Arabic (فقه النوازل) for a branch of fiqh (Islamic jurisprudence) that tackles contemporary issues (newly emerging issues). Such issues require...

Financial Ratio Screens

A set of financial ratios that are used by Islamic market indices (such as Dow Jones Islamic Market Indices) to...