A shari'ah-compliant equivalent (salam/ ba'i al-salam/ bay' al-salam) to conventional forward contract. It constitutes a sale (ba'i/ bay') whereby a...
It stands for islamic commercial paper; a commercial paper (CP) is a tradable certificate representing pecuniary rights whereby the issuer...
A commercial paper (CP) is a tradable certificate representing pecuniary rights whereby the issuer is under obligation to pay at...
A type of waqf (endowment) which is established to serve the general public. Examples of waqf al-sabil include construction of...
Arabic (قياس) for one of the secondary sources of shari'a which involves likening a case for which there is an...
A commercial paper (CP) is a tradable certificate representing pecuniary rights whereby the issuer is under obligation to pay at...
A type of al-waqf (endowment) in which a person (waqf initiator/ donor) designates oneself or some specified individuals as the...
Arabic (تفليس) for judgment of bankruptcy (iflas) or declaration of bankruptcy by court. In shari’a parlance, it stands for interdiction...
Arabic (بيع المتاجرة) for a type of sale (ba’i) whereby an Islamic bank sells goods on credit to a customer....
An Arabic term (بيع المساومة) that denotes “bargaining sale”. It is a type of sale (ba’i) in which the seller...