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Off-Balance Sheet Sukuk

Sukuk that are not recorded on the financial position statement (balance sheet) of the issuer. The issuer has no control...

On-Balance Sheet Sukuk

Sukuk that are recorded on the financial position statement (balance sheet) of the issuer. The issuer has control (in terms...

Bilateral Undertaking

In Islamic finance, bilateral undertaking, or muwa'adah (مواعدة) in Arabic, refers to a promise which is issued by a counterparty...

Gratuitous Contract

A non-compensatory contract in which a property (or any form of wealth) is donated by one party to another against...

Waqf al-Manafi’

Arabic (وقف المنافع) for a waqf of the usufruct (manfa'ah- manafi') of a rented property. It is a temporary waqf...

Waqf al-Fodooli

Arabic (وقف الفضولي) for endowment by an uncommissioned donor or founder of waqf (waqif). The uncommissioned waqif (al-waqif al-fodooli) unilaterally...

Waqf al-Sabeel

A type of waqf (endowment) which is established to serve the general public. Examples of waqf al-sabil include construction of...

Waqf Crowdfunding

A form of financing that involves the combination of waqf with the mechanisms of crowdfunding so as to bring socio-economic...

Waqf al-Awaridh

A type of waqf (endowment) in which the yield (ghallah) is held in reserve so that it can be used...

Waqf al-Awarid

A type of waqf (endowment) in which the yield (ghallah) is held in reserve so that it can be used...