A type of musharaka sukuk that represent certificates of equal value (sukuk) issued for the purpose of investing the funds…
A charge that an Islamic bank makes against earnings. In other words, it is a contra-asset that is created by…
A contract (aqd) which exists by itself and is not subordinate or auxiliary to another contract (i.e., an accessory contract).…
An undertaking (binding promise– wa’ad mulzim) by either the issuer of sukuk or the manager of sukuk-financed project/assets to repurchase…
The risk that affects the operations of an Islamic bank (Islamic financial institution– IFI) including the risk of loss arising…
Arabic (غبن يسير) for a slight or minor ghabn; ghaban is a fraudulent practice by which one party to a...
Arabic (غبن يسير) for a slight or minor ghabn; ghaban is a fraudulent practice by which one party to a...
Certificates of equal value (sukuk) that are issued for the purpose of mobilizing funds to be used in the production…
In essence, fintech/ FinTech refers to the use of financial technology (such as smart phones and devices for online payment,…
Arabic (غبن يسير) for a slight or minor ghabn; ghabn is a fraudulent practice by which one party to a...