HIWALAH, The transfer of a debt or financial obligation from one party to another., KAFALAH, A contract where one party guarantees another person's responsibility or obligation., IBRA, The voluntary waiver or forgiveness of a debt by the creditor., TAAWIDH, Compensation paid for actual financial loss caused by late payment or default., WAKALAH, An agreement where someone is appointed to act on behalf of another person., MUTLAQAH, A type of agency that gives the agent full and unrestricted authority., MUQAYYADAH, A type of agency where the agent's authority is limited by specific conditions., UJRAH, A fee or payment charged for providing a service., MAYSIR, Any activity that involves gambling or games of chance., GHARAR, Excessive uncertainty or ambiguity in a contract that may lead to unfairness.

CHAPTER 8

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