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October 1, 2014 | Dhul-Hijjah 7, 1435
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IslamiCity > Business & Finance > IC Finance > Islamic Banking
 Welcome to IC Finance Information & Services

 O ye who believe! Devour not usury, doubled and multiplied; but fear Allah.
that ye may (really) prosper. Qur'an 3:130 (Arabic) - Recite  


Islamic Banking


Evolution | Rationale | Anatomy | Literature: Theory 
 Literature: Practice | Conclusion | Glossary  
Appendix: Islamic Financial Institutions
| References


Glossary


al-wadiah = safe keeping
bai'muajjal = deferred-payment sale
bai'salam = pre-paid purchase
baitul mal = treasury
fiqh = jurisprudence
Hadith = Prophet's commentary on Qur'an
hajj = pilgrimage
halal = lawful
haram = unlawful
ijara = leasing
iman = faith
mithl = like
mudaraba = profit-sharing
mudarib = entrepreneur-borrower
muqarada = mudaraba
murabaha = cost-plus or mark-up
musharaka = equity participation
qard hasan = benevolent loan (interest free)
qirad = mudaraba
rabbul-mal = owner of capital
riba = interest
Shariah = Islamic law
shirka = musharaka

Courtesy of Mohamed Ariff, University of Malaya


 

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