islamic-banking.com

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Definitions (457)

1

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tijarah


Trade; Business.
Source: islamic-banking.com (offline)

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aqd


Contract, Agreement, Bond. Synonymous with the word "contract" in modern law.
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ujrah


The financial charge for using services (wage, salary, allowance, commission, fee).
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al-ghurm bil ghunm


The principle that one is entitled to a gain only if one agrees to bear the responsibility for the loss. Earning profit is legitimised only by risk-sharing and engaging in an economic venture. This provides the rationale and the principle of profit-sharing in Shirkah (partnership) arrangements.
Source: islamic-banking.com (offline)

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amwal


Plural of Mal which means worldly possessions including both property and money (wealth).
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aqd-al-ijara


See Ijarah.
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aqd-al-wadia


See Wadia.
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nass


An Arabic word meaning "a known, or clear, legal injunction". Word or text with single meaning; text from the work of a jurist.
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ahkam


Plural of Hukum.
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al-sar-al-adl


The just price.
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