Arabic (إجارة الذمة) for an ijarah which has a described usufruct (manfa’ah mawsufah fi zhimmah) as underlying. The lessor is…
Arabic (عزيمة) for strictness and resoluteness in the implementation or practice of shari’ah rules (ahkam), prescriptions, ordinances, etc. In other…
In Arabic iflas (إفلاس). In general, it is a situation when a person runs short of funds. The bankrupt person...
It stands for Islamic capital market; the market in which Shari’ah complaint securities/ assets (capital instruments) such as equities, sukuk,...
The market in which Shari’ah complaint securities/ assets (capital instruments) such as equities, sukuk, and other securities are traded. The...
In Islamic finance, it is a contract (of bay') whereby a supplier agrees to deliver a specific commodity/ item to...
An acronym for Islamic capital protected note; an Islamic capital protected product/ instrument that provides its holder (the investor) with...
An Islamic capital protected product/ instrument that provides its holder (the investor) with capital protection as to the initial invested...
A type of sale (bay') in which the seller resorts to selling his property (assets, belongings, etc) under duress or...
A pool (collection of distinct assets) whose risks and rewards (dhaman and ghunm), wholly or proportionately, are attributable to the...