Shariah – Page 7 – Fincyclopedia

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Milkiyyah Tammah

Arabic (ملكية تامة) for complete/ full ownership; an ownership where the owner has a full right over the property/ assets....

Memorandum of Understanding for Mudarabah Financing

Mudarabah is a form of sharakah (partnership) in profit (ribh) whereby one party (rab al-mal) provides capital and the other…

Onerous Contract

A contract/ aqd (on an entity- e.g., an Islamic bank) in which the unavoidable costs of meeting the obligations under...

Ajr Musamma

An Arabic term (أجر مسمى) that generally translates as stipulated remuneration, wage, recompense, consideration, commission, rate, price, or fees, among...

Onerous Commitment

A commitment (on an entity- e.g., an Islamic bank) in which the unavoidable costs of meeting the obligations under the...

Agent’s Remuneration

In Arabic ajr al-wakeel/ ajr al-wakil (أجر الوكيل). In wakalah/ wakala (agency), and its forms, it is the total amount...

Sukuk al-Wakalah Bil Istithmar

Arabic (صكوك الوكالة بالاستثمار) for agency certificates; a type of sukuk (pl. of sakk) in which the underlying contract is...

Ajr al-Wakalah

An Arabic term (أجر الوكالة) that translates as agent's remuneration. In wakalah/ wakala (agency), and its forms, it is the...

Ajr al-Wakeel

An Arabic term (أجر الوكيل) that translates as agent's remuneration. In wakalah/ wakala (agency), and its forms, it is the...

Hadeeth Mawquf

Arabic (حديث موقوف) for a hadeeth (prophetic tradition) in which the prophet's expressions, actions, approval/ disapproval or generally a description...