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

Read the rest of this entry »

Popularity: 29% [?]

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.

Read the rest of this entry »

Popularity: 28% [?]