Islamic Finance
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Appendix 3 Glossary of Islamic Finance Terms Al-ajr A commission, fees or wages levied for services. Al-rahn al An arrangement w ...
204 Appendices the purchase, he will than have to pay the rest of the price. If the buyer decides to walk out, then the portion ...
Glossary of Islamic Finance Terms 205 bank’s mark-up (profit). The client may be allowed to settle payment by instalments within ...
206 Appendices benefit and cost of the each party are to be clearly spelled out in the contract so that any ambiguity (gharar) m ...
Glossary of Islamic Finance Terms 207 Mudaraba Trust financing, a business contract in which one party brings capital and the ot ...
208 Appendices Qimar Similar to gambling, technically an agreement in which possession of a property is contingent upon the occu ...
Glossary of Islamic Finance Terms 209 Suftaja A banking instrument used for the delegation of credit and was used to collect tax ...
210 Appendices Wakil An agent or general representative. Waqf Similar to placing an asset, particularly property, in trust. Tech ...
Index 211 Index ABC bank, 43 academic programmes, 27 Accounting and Auditing Organization for Islamic Financial Institutions (AA ...
212 Index Central Bank of Malaysia, 189 Central Bank of the United Arab Emirates, 164 Certificate in Islamic Finance, 26 Charter ...
Index 213 Guidance Financial, 43 Hadith, 3, 167 halal, 5, 54, 205 Hanbali,4 Hanifi 4 haram, 5–6, 115–16, 205 harmonization facto ...
214 Index Liquidity Management Centre (LMC), 122 liquidity surpluses, as development reason, 11, 31 loans, personal, 31, 33–36 L ...
Index 215 pornography businesses involving, 6, 125 Ports, Customs and Freezones Company, 102 Principle Insurance Company Limited ...
216 Index Standard & Poors, 115–116 standard industry classification (SIC) codes, 126 standardization factors, 119–20 standa ...
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