The Art of Islamic Banking and Finance: Tools and Techniques for Community-Based Banking

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NOTES

1. Freddie Mac is a government-sponsored corporation that provides a secondary
   market for home mortgages and hence helps provide liquidity to mortgage
   companies.


2. Fannie Mae is a sister company of Freddie Mac, but much larger and older. It
   provides liquidity for home mortgages in the secondary market.


3. Throughout the book I shall use the abbreviation (pp) to stand for the prayer
   every Muslim is taught to utter every time he/she hears the name of a prophet
   mentioned: ‘‘May God’s peace and prayers be showered onto him.’’

xxviii PREFACE