Is in fact a term of Islamic Fiqh and it refers to a particular kind of sale where the seller agrees with his purchaser to provide him a specific commodity on a certain profit added to his cost, it is called a Murabahah transaction. The basic ingredient of Murabahah is that the seller discloses the actual cost he has incurred in acquiring the commodity, and then adds some profit thereon.


This is a mode of Islamic finance where two or more parties provide financing for a particular project. Profit is shared on a predetermined ratio but any loss is borne on the basis of equity participation.

Ijarah (Leasing)

An agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time.