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Wakala Sukuk

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

    Fodhooli

    In its literal meaning, fodhooli refers to a person who interferes in matters that are none of his business. Technically,…

      Letter of Credit

      A modern application of guaranties that constitutes a guaranty issued by a bank on behalf of a local merchant, securing…