Shariah – Page 65 – Fincyclopedia

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Musharaka Sukuk

Certificates of equal value (sukuk) that are issued for the purpose of investing the mobilized funds of musharaka for establishing...

Shart Fasid

A condition (shart) that renders the contract (aqd) in which it was stipulated a defective contract (i.e., though in essence...

Sukuk al-Musharakah

Certificates of equal value (sukuk) that are issued for the purpose of investing the mobilized funds of musharakah for establishing...

Sukuk al-Mudarabah

A subclass of sukuk al-musharakah. Sukuk al-mudarabah (صكوك المضاربة) are by definition certificates that represent ownership in projects or activities...

Muzara’a

Arabic (مزارعة) for sharecropping; a partnership (musharaka/ sharika) in crops whereby one party (land owner) presents a piece of land...

Waqf ala al-Nafs

Arabic (وقف على النفس) for self-dedicated waqf; a form of waqf (Islamic endowment) in which the ghallah/ income/ usufruct of...

Ba’i al-Musawamah

An Arabic term that denotes “bargaining sale”. It is a type of sale (ba’i) in which the seller and buyer...

Ba’i al-Kali bil Kali

The sale (ba'i) of a debt (dain/ dayn) for a debt. Broadly speaking, it involves the exchange of two objects,...

Asset-Based Sukuk

A sukuk structure that involves the issuer purchasing the underlying assets and then investing, trading or leasing them on behalf...

Muzara’ah

Arabic (مزارعة) for sharecropping; a partnership (sharikah/ musharakah) in crops whereby one party (land owner) presents a piece of land...