Explanation

• Mudarabah: A Sharia-compliant profit-sharing partnership.
• Customer/Business: Uses the funds for a Sharia-compliant business.
• Profit: Shared according to a pre-agreed ratio.
• Purpose: Investment in lawful economic activities..

Explanation

• Law of Inheritance in Islamic Jurisprudence: Ilm-ul-Faraid (علمُ الفرائض)
• Also called: Faraid (فرائض)
• Meaning: Islamic law governing inheritance and the distribution of property

Explanation

• The wealth or property left by a deceased person is called Taraka
• Taraka means فوت ہونے والے انسان کی دولت 
• It is the basis of the Islamic system of inheritance (Faraid).

Additional information:

• Asabah: The residuaries who take whatever remains of the estate after the fixed-share heirs receive their portions.
  

Last updated NA on 10-09-2026

Explanation

• Ijtihad is an important concept in Islamic jurisprudence (Fiqh).
• It refers to using independent reasoning to derive Islamic rulings.
• It is used when clear guidance is not found in the Quran or Sunnah.
• Root word: J-H-D (effort / struggle).

Last verified on 09-05-2026

Explanation

• Shirk: The sin of associating partners with God or giving God's exclusive qualities to anyone or anything else.

Additional information:

• Tawhid: The belief that Allah is one and has no partners or equals (the opposite of Shirk).
• Sabr: Patience and steadfastness during difficult times.
• Zakat: Giving a set portion of wealth to charity as a religious duty.

Last updated by NS on 06-09-2026​