Akhlak - Muslims behavior, attitudes and work ethics which perform in practical action., Aqidah - Firm belief in the heart and must be applied into actions., Bay Amanah - a sale contract where the seller must disclose the cost price and the intended profit., Bai’ Bithamanil Ajil - a sale contract in which the payment of the price is deferred and payable at a certain time in the future or by installments., Bay Musawamah - a sale contract which is based on bargain and agreement., Bay Sarf - a contract of exchange of money for money., Bay Tawliyah - a sale contract at cost without profit or loss., Qard Hassan - a contract to assist the poor or needy by offering a loan without any interest., Gharar - Uncertainty, hazards, or risk., Hawalah - a contract of transferring the obligation from principal creditor to the transferee who then becomes the debtor that is responsible to pay the debt originated by the transferor., Hibah - a contract of granting ownership of property from one party to another without any consideration (iwad) that occurs during the life of a hibah provider., Ijarah - a contract where one party transfers the right to use an item he owns to another party for a specified period in exchange for an agreed consideration., Inah - a contract in which a person sells certain goods for a deferred price and repurchases them immediately for a lower cash price from the same person., Istisna’ - an order contract to producer or manufacture a specific commodity for the purchaser., Ju’alah - a contract of specific rewards/wages promised to be given., Kafalah - a guaranteed contract on certain assets, usufruct or services provided by a guarantor to the parties involved in the contract., Maysir - Easy acquisition of wealth by chance, whether or not it deprives the other’s right., Mubadalah - an exchange of a property for another, one of which is called the object and the other is called the price., Mudharabah - a contract where one party provides the funds while the other party provides expertise., Murabahah - a sale and purchase of an asset where the acquisition cost and the mark-up are disclosed to the purchaser., Musyarakah - a form of contract where two or more persons combine either their capital or labour together to share the profits, enjoying similar rights and liabilities., Rahnu - a contract where a debtor provides a corporeal property to a creditor., Riba - The ‘premium’ that must be paid by the borrower to the lender along with the principal amount as a condition for the loan or for an extension in its maturity., Salam - a form of forward contract when the price for an asset is paid upfront at the time of the contract for an asset or commodity to be delivered later., Syariah - The divine counsel that Muslims follow to live moral lives and grow close to God., Takaful - a contract of Islamic protection wherein members contribute money into a pool system to guarantee each other against loss or damage., Tawarruq - a contract in which a person purchases certain commodities at a deferred higher price, in order to sell it in the market to a third party for a lower cash price., Wadi'ah - a contract of safekeeping.a contract of safekeeping where a thing (property or asset) is left with a person., Wakalah - a contract of delegation or appointment of someone to perform an act which is capable of delegation., Waqaf - as a religious fund whose benefits are made permanently and the original property of the donor cannot be used for purposes other than those prescribed by the donor.,

i-Cons 2.0 (Islamic Contracts 2.0)

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