Al-iqta


Dictionary term

Definition of "Al-iqta"

Lit: Act of bestowing a qati‘ah (a cut-off piece). Tech: A piece of land donated by the state in the public interest subject to state taxes to a person for self-cultivation. Sometimes the ownership is passed on to the donee but at other times only the right to derive benefit is granted and the ownership remains with the state.


Create Your FREE Account…

IslamicBanker helps professionals navigate Islamic markets by providing powerful insights, analytics and collaboration tools.