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Fadhal
Bounties of God, excess; used for Riba, which is excess in the exchange of two counter-values, whether determined through weight or measure or realized through delay in the delivery of one of the counter-values.
Fadl (Riba)
A type of interest. Taking something of superior quality in exchange for the same kind of thing of poorer quality. Allah Subhana wa Taala has strictly prohibited any kind of Riba and has warned of severe punishment for those who have any association with it. See the Holy Qur an, Surah Al-Baqara (2): 275-280
Fai
Spoils of war that Muslims acquire from the enemy without actual fighting.
Faidah
Benefit. In investment context it means return on investment.
Falas
Bankcrupt
Faqeeh / Faqih
Jurist; an Islamic scholar who can give an authoritative legal opinion or judgement.
Faqir
A poor person
Fard Ain
An action, which is obligatory on every Muslim.
Fardh Kifayah
Religious obligation for the fulfillment of which whole society is responsible. However, if it is fulfilled by some member(s) of the society, others become free of this responsibility.
Fard
Obligatory. An act which is obligatory on Muslims.
Fasid ijarah
the hukm (rule) for a vitiated mudarabah, muzaraah or musaqah.
Fasid
vitiated; irregular; unenforceable; used in the sense of voidable in the positive law, but a contract is voidable at the option of the parties, while the fasid contract can become valid only if the offending condition is removed.
Faskh
rescission.
Fatwa / Fatwah
A religioius decree; a legal verdict given on a religious basis. The sources on which a fatwa is based are the Holy Quran, Sahih Bukhari and Muslim, and all other authenticated Ahadeeth. Plural: Fatawa.
Fay
Spoils of war that Muslims acquire from the enemy without actual fighting.
Fidyah
Compensation for missing or wrongly practising necessary acts of worship. Fidyah usually takes the form of donating money or foodstuff, or sacrificing an animal.
Fiqh
Muslim jurisprudence; it covers all aspects of life, religious, political, social or economic. In addition to religious observances (prayer, fasting, zakat and pilgrimage) it covers family law, inheritance, social obligations, commerce, criminal law, constitutional law and international relations, including war. The whole corpus of fiqh is based primarily on the Quran and the Sunnah and secondarily on ijma and ijtihad.
Fulus
plural of fals (copper coin).
Fuqaha'
(singular, faqih}: Jurists who give opinion on various issues in the light of the Quran and the Sunnah and who have thereby led to the development of Fiqh.
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