Introduction
This list contains glossary of Mu’amalat terminologies which are most frequently and commonly used in the Islamic banking business.

Bai’ Urbun | Bai’ Bithaman ‘Ajil | Bai’ Murabahah | Bai’ Inah | Bai’ Dayn
Bai’ Istijrar | Bai’ Istisna’ | Bai’ Muzayadah | Bai’ Salam | Bai’ Wafa’
Batil | Darurah | Dhamanah | Fasid | Fatwa | Gharar | Ghish | Hadith | Halal
Haram | Haq Maliy | Hibah | Hiwalah | Ibra’ | Ijarah | Ijarah Thumma Bai’
Ijtihad | Syirkah ‘Inan | Jahl | Jua’lah | Kafalah | Khiyanah | Maisir | Mal
Muamalat | Mudarib | Mudharabah | Muqasah | Musaqah | Musawamah
Musharakah | Musharakah Mutanaqisah | Muzara’ah | Qabadh | Qardh
Qardh Hasan | Quran | Rabbul Mal | Rahnu | Riba | Sadaqah | Sarf | Shariah
Suftajah | Sukuk | Sunnah | Ta’widh | Tadlis al-‘aib | | Takaful | Tanajush
Tawarruq | Ujrah | ‘Uqud Ishtirak | ‘Uqud Mua’wadat | ‘Uqud Tabarru’at
Usul Fiqh | Wadī’ah | Wakalah | Waqf | Zakat

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Popularity: 36% [?]

Hire Purchase or Loan

There is a lot of difference when you choose to buy something with the help of a loan and when you do it on hire purchase basis. In the former case, the ownership passes to you but in the later case you are just in possession and not a legal owner. It means that a person who has bought a car on hire purchase cannot sell it. Simple enough, he is not an owner of the car and, therefore, he has no such right.

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Popularity: 37% [?]

I recently ask the bank for my housing loan status and was rather pleasantly surprised by the frank advice given.  Well, I was asking how can I lower my interest rate though I am still in the bonding period.  The reply was write to the bank and most likely the bank will consider my request.  However, there is usually a “penalty” comes together with the new offer, and the trick is, write to the bank again and the bank may gives a discount on the amount of the “penalty”.

The key takeaway is that banks generally do not tell you what they can do for you! You have to ask.  Pending on your record, and how desperate the bank want to keep you (It is a shopper market now), you may get what you asked for.  No harm isn’t it?

Not sure where to start looking?

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Popularity: 47% [?]

Do you like to settle your housing loan faster by paying it with a 0% loan?

Well, you can do it by arbitraging the 0% credit card balance transfer. To be sure, there is a limitation on how this can be done, and most importantly, it must be done with utmost finance discipline and a meticulous transaction record keeping.

Here is how it can be done

First, you charge all your daily necessary living expenses, the must have, into your credit card. Take note on the word “daily necessary living expenses,” it means the essential expenses only, not self-indulgence shopping spree. You than make a balance transfer – select only those with 0% interest.

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Popularity: 63% [?]

A list of financial products from Commercial Banks, Islamic Bank, Development Financial Institutions and others related.

Commercial Banks

Affin Bank Berhad

• Affin Contract Financing
• Al- Bai’ Bithaman Ajil - Fixed Asset Financing
• Enterprise Banking
• Islamic Banking Trade Finance Products
• Overdraft Against Fixed Deposit Receipts
• Small Medium Industry Loan Scheme (AFFINSPIKS)
• SME Schemes Promoted by Bank Negara Malaysia (BNM) / Credit Guarantee Corporation (CGC)
• Trade Finance Products

Alliance Bank Malaysia Berhad

• Alliance SME Loans
• Corporate & Commercial Financing: Term Financing-i & Leasing-i
• Credit Facilities for SMI/SME
• Islamic Trade Financing
• Leasing-i
• SME Schemes Promoted by Bank Negara Malaysia (BNM) / Credit Guarantee Corporation (CGC)
• Term Financing-i

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Popularity: 67% [?]

Financial planning is the process of meeting your life goals through the proper management of your finances.

Life goals can include buying a home, saving for your child’s education or planning for retirement. You need to clarify and prioritize your financial objectives and explore your values, beliefs and attitudes about money. With financial planning, you can see the big picture of where you are in relation to where you want to be.

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Popularity: 70% [?]