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Glossary of terms and contracts (Arabic – English)

  • AAOIFI

    Set up in 1991 to develop new...

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  • Absentees

    A contract where the parties are not present at the time of agreement.

  • Al-kharaj bi al-daman

    The concept that the size of reward should correspond to the level of risk involved.

  • Amanah

    This is not a contract as such...

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  • ‘Aqd [‘aqad]

    Contract

  • ‘Ariyah

    Provision of the right to use at no consideration (loan).

  • Ashum

    Shares