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Madeen

Arabic (مدين) for debtor; a party (legal or natural) that owes an amount of money (in whatever form, including economic...

Waqf Mubashar

A form of waqf (Islamic endowment) in which the output takes the form of services offered to the benefit of...

Shari’a Governance Framework

The governance framework which consists of a distinct set of elements (pertaining to Shari'a governance), compared to conventional governance framework,...

Sharikat al-Mulk

A type of partnership (sharikah/ sharika) which basically involves joint ownership (mulk in Arabic) by two or more persons in...

Secondary Sources of Shari’a

Shari’a (shari'ah) holds the center stage of Islamic religion as it defines the route Muslims have to follow in matters...

Al-Ibahah

An Arabic term (الإباحة) that translates as permissibility. It is a principle, under shari'ah, that any act is permitted as...

Makrooh

A shari'a description of (and ruling or hukm on) an act or conduct which a Muslim has to avoid or...

Makruh

A shari'a description of (and ruling or hukm on) an act or conduct which a Muslim has to avoid or...

Wakalah Plus

A banking loan (qard) that capitalizes on the contract of wakalah (wakalah bil-istithmar). It is done through the advance payment of profit...

Nadb

Arabic (ندب) for the shari'ah effect of recommending an act or way of conduct for Muslims. In other words, it...