Zakat

Zakat is a financial obligation (if you meet the requirements) to donate a certain proportion of wealth to charity. Zakat is payable on all accumulated wealth held for the period of 12 lunar months. Zakat is the third pillar of Islam and seen as an act of worship.

Waqaf

Commonly known as endowment. This usually involves donating a fixed asset, such as a building or a plot of land, that can produce a financial return or provide benefit to the community.

Sukuk

Is a certificate of investment that represents a portion of ownership, in a portfolio of eligible existing or future assets. These are also commonly referred to as "sharia compliant" bonds.

Mudharabah Deal

A form of asset finance or an equivalent to a hire purchase agreement. where a fee is constructed as part of a mark-up within the deal and the capital used to buy assets. interest is not used or calculated. 

Mudharabah

Widely known as a profit-sharing contract where one party provides funds to another party that provides management expertise in return. The profits are then shared between two parties.

Ujarh

Fee paid to an agent or third party for their services within the creation of a financial investment arrangement.

Wakalah

Is a contract between an agent and principal. This contract enables the agent to render services and be paid a fee (Ujrah). This type of agreement enables the pooling of investors into a yield sharing structure.