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Plain Vanilla Sukuk

The most basic type of sukuk which have no additional features (add-ons) such as option to convert or exchange into...

Sukuk al-Salam

Sukuk al-salam (singular: salam sakk) are certificates of equal value (sukuk) which are issued in order to raise salam capital....

Salam Sukuk

Salam sukuk (singular: salam sakk) are certificates of equal value (sukuk) which are issued in order to raise salam capital....

Salam

Arabic (سلم) for the sale of a commodity that will be delivered at a future date for a specific price...

A’ariyah

Arabic (عارية) for a gratuitous loan (qard) whose underlying is a non-fungible (mithli) object or property, the substance of which...

Istishab

A doctrine of Islamic law (shari'a), and a secondary source of shari'a, which refers to the application of a previous...

Ijara wa Iqtina’a

Also ijara muntahia bittamleek or ijara thumma al-bai'. By definition, ijara wa iqtina'a (إجارة واقتناء) it is an ijara contract...

Bay’ Bith-Thaman al-Ajil

A contract of sale (bay') in which goods are sold on a deferred payment basis. An Islamic bank buys equipment...

Bay’ al-Muatah

A contract of sale (bay') in which the buyer picks up the goods and pays the price to the seller...

Bay’ al-‘Arbun

A type of sale (bay') which is effected using down payment or advance money (arbun- عربون) with the condition that...