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Termsandefinitiond
Termsandefinitiond
Terms Definition
9 Gharamah Fine/penalty
1
Gharar Uncertainty
0
1
Hibah Gift
1
1
`Iwad Consideration
5
1
Kafalah Guarantee
6
1
Maysir Gambling
7
1
Mudarabah Profit sharing contract
8
1
Muqasah Offsetting
9
2
Musyarakah Profit and loss sharing
2
2
Rahn Pledge/charge
5
2
Ta`widh Compensation
7
2
Tabarru’ Voluntary donation/contribution
8
3
Ujrah Commission
1
3
Wa’d Promise
2
3
Wakalah Agency contract
4
A form of endowment by an owner of a
3
Wakaf property for public benefit and wellbeing
5
which is allowed by Shariah