Glossary
| AKHLAQ | BEHAVIOR, ATTITUDE, MORALITIES AND WORK ETHICS |
| AQIDAH | FAITH AND BELIEF |
| AQD | CONTRACT |
| AQILAH | THE PATERNAL RELATIVES WHO PAY THE BLOOD MONEY. |
| BALIGH | A PERSON ATTAINED AGE OF PUBERTY |
| DEEN | RELIGION |
| DIYAT | BLOOD MONEY, A MONETARY COMPENSATION PAID FOR UNJUSTIFIED MANSLAUGHTER. |
| FALAH | SUCCESS, VICTORY, ACHIEVEMENT |
| FATWA | JURISTIC OPINION, JURIDICAL DECISION |
| FARAID | INHERITANCE |
| FARD OR WAJIB | AN OBLIGATORY DUTY, THE OMISSION OF WHICH IS PUNISHABLE |
| FIDYAH | COMPENSATION |
| FIQH | A KNOWLEDGE OF SHARIAH THAT IS ISLAMIC LAW |
| FUQAHA | JURISTS |
| HALAAL | LAWFUL, VALID |
| HARAM | UNLAWFUL; FORBIDDEN AND PUNISHABLE |
| IJTIHAD | PERSONAL REASONING; FIGHTING FOR CAUSE OF ALLAH(SUH) |
| ILM | KNOWLEDGE |
| JAIZ OR MUBAH | AN ACTION WHICH IS PERMITTED AND THE LAW IS INDIFFERENT |
| JAHANNAM | HELL |
| JIZYAH | TAX |
| KHAIRAT | DONATION |
| MAZHAB | SCHOOL OF JURISPRUDENCE |
| MAKRUH | AN ACTION WHICH IS DISLIKED YET NOT PUNISHABLE, BUT THE OMISSION IS REWARDED; DISAPPROVED. |
| MANDUB OR MUSTAHBAH | AN ACTION WHICH IS NOT REWARDED, BUT THE OMISSIONOF WHICH IS NOT PUNISHABLE; RECOMMENDED |
| MASALIH AL-MURSALAH | DOCTRINES OF PUBLIC INTEREST. |
| MODHARABAH | ISLAMIC COMMERCIAL PROFIT SHARING |
| MUBAH | PERMISSIBLE |
| MUDARAH | HARM, INJURY |
| MUDHARIB | ENTREPRENEUR OR TAKAFUL OPERATOR IN EFFECT, CUSTODIAN OF PUBLIC FUNDS |
| MURABAHAH | PERMISSIBLE TRADE TRANSACTION |
| NIYYAT | INTENTIONS |
| SADAQAH | CHARITY |
| SHARIAH | ISLAMIC LAW |
| SAHIH | VALID,SOUND,AUTHENTICITY |
| SHAHADAH | WITNESSING |
| SHARAT | CONDITION, TERM, WARRANTY |
| SHARIAH | PRACTICES AND ACTIVITIES |
| SYSTEM OF AQILA | MUTUAL LIABILITY ON A GROUP OF PERSONS, FOR THE ACTION OF ONE OF THEM, TO PAY COMPENSATION. |
| TAKAFOL | JOINT GUARANTEE. A MUTUAL PACT AMONG GROUP OF MEMBERS OR PARTICIPANTS AMONG THEMSELVES TO SHARE ANY LOSS OR DAMAGE THAT MAY BE INFLICTED UPON ANY OF THEM AS DEFINED IN THE PACT CONTRACT BASED ON RECIPROCITY, RISK-CLEARING & (PROFIT SHARING) AND MANAGED BY OPERATOR IN ORDER TO PROVIDE COMPENSATION TO ANY MEMBER IN THE EVENT OF THE OCCURRENCE OF A CLEARLY DEFINED LOSS. |
| TAWAKKUL | PUTTING TRUST IN ALLAH (SWT) |
| THAWAB | REWARD |
| TIJARI | COMMERCIAL OR PRIVATE SECTION |
| ULAMA | SCHOLARS, JURISTS, ACEDEMICIANS.(ISLAMIC) |
| UMMAH | NATION OR ISLAMIC UNIVERSAL COMMUNITY |
| UMR | AGE |
| URF | CUSTOM, USAGE, COMMON PRACTICE |
| WADIAH | DEPOSIT |
| WAJIB | OBLIGATION, COMPULSORY, MANDATORY |
| WAKALAH (CONTRACT) | APPOINTMENT OF SOMEONE TO BE YOUR AGENT- USED FOR ONE METHOD OF L/C; ABSOLUTE POWER OF |
| ATTORNEY | |
| WAKIL | AGENT |
| WALI | GUARDIAN |
| WAQF | CHARITY, RELIGIOUS ENDOWMENT TESTAMENTARY BEQUEST OF REAL ESTATE. |
| WASIYRAH | WILL, BEQUEST |
| (B) FINANCIAL AND BANKING TERMS | |
| BAI’ AL-DAYN | SECURITIZATION AND DEBT TRADING |
| BAI’- AL-ISTINA’ | SALE ON ORDER |
| BAI’ AL-MURABAHAIN | DEFERRED LUMP SUM SALE |
| BAI’ AL-SALAM | SALAM SALE |
| BAI’ BITHAMAN AJIL | DEFERRED INSTALLMENT SALE |
| BAIT- AL-MAL | |
| BAI | SALE |
| DAYN | DEBT/LIABILITY |
| DHAMANAH | GUARANTEE |
| DIYAT | BLOOD WIT, BLOOD MONEY, A MONETARY COMPENSATION AGAINST UNJUSTIFIED MANSLAUGHTER. |
| GHARAR | UNCERTAINTY, UNKNOWN. A TRANSACTION UNDER ISLAMIC LAW SHOULD BE HELD INVALID IF IT INVOLVES THE ELEMENT OF GHARAR. |
| GARIM | INSOLVENT, PRINCIPAL DEBTOR, BANKRUPT |
| HIFZ (CONTRACT) | SAFE CUSTODY |
| IJARA | (LEASING) AN ISLAMIC CONTRACT OF UNDER WHICH THE LESSOR RENTS ITS ASSET OR EQUIPMENT TO A LESSEE(CLIENT). THE DURATION, TERMS AND CONDITIONS AND RENTAL FEES ARE AS AGREED IN ADVANCE. OWNERSHIP AND TITLE IN THE LEASED ASSET/EQUIPMENT REMAINS WITH LESSOR. |
| IJARAH WA-IQTINA | (LEASE/HIRE/PURCHASE) SIMILAR TO IJARA EXCEPT THAT THERE IS A COMMITMENT BY THE LESSEE(CLIENT) TO PURCHASE THE LEASED ASSET/EQUIPMENT AT THE END END OF THE RENTAL PERIOD. LESSEE PAYS RENTAL FEES FOR THE USE OF THE LEASED ITEM(S) AND PAYS A PURCHASE PRICE AT THE END OF THE LEASE EQUAL TO: (A) PRE-AGREED VALUE OR (B) MARKET PRICE AT THAT TIME. ONCE THE ACTUAL SALE OCCURS, OWNERSHIP AND TITLE PASSES FROM LESSOR TO LESSEE. |
| ISQATAT(CONTRACT) | RELEASES |
| ISHTIRAK (CONTRACT) | PARTNERSHIP |
| ITAQAT (CONTRACT) | PERMISSIONS |
| IWAD | CONSIDERATION |
| JAHALAH | LACK OF KNOWLEDGE |
| MAISIR | GAMBLING |
| MAL | WEALTH, PROPERTY: THING |
| MUAMALAH | COMMERCIAL TRANSACTION |
| MUDARABAH | CO-PARTNERSHIP WHERE AT LEAST TWO PARTIES ARE INVOLVED IN A COMMERCIAL TRANSACTION IN WHICH ONE PARTY PROVIDES CAPITAL WHILE THE OTHER OFFERS SKILL IN CARRYING OUT THE BUSINESS SUCCESSFULLY IN VIEW OF SHARING THE SUBSEQUENT PROFITS OR LOSS ACCORDINGLY. THIS IS A FINANCING TECHNIQUE ADOPTED BY ALL FINANCIAL INSTITUTION AND IN COMMERCIAL ACTIVITIES IN THE CONTEMPORARY WORLD AS OPPOSED TO THE RIBA. |
| MUSHARAKAH | JOINT VENTURE PROFIT SHARING, PARTNERSHIP |
| NAJSH | OFFERING A HIGH PRICE FOR SOMETHING WITHOUT HAVING THE INTENTION TO BUY IT BUT JUST TO CHEAT SOMEBODY ELSE WHO REALLY WANTS TO BUY IT. |
| QARD | LOAN |
| QARD AL-HASAN | LENDING WITHOUT INTEREST OR BENEVOLENT LOAN |
| RABBUL MAL | THE CAPITAL PROVIDER IN A PROFIT AND LOSS SHARING |
| FINANCING TECHNIQUE. | |
| RETAKAFUL | REINSURANCE |
| RIBA | USURY, INTEREST WHICH IS UNLAWFUL IN THE ISLAMIC SHARI’AH |
| RIBA AL NASIAH | INTEREST BASED LENDING |
| RIZQ | LIVELIHOOD; SUBSISTENCE |
| SHARIKAH | PARTNERSHIP |
| TAMLIKAT(CONTRACT) | ACQUIRING OF OWNERSHIP |
| TAQYIDAT(CONTRACT) | RESTRICTIONS |
| TAUTHIQAT(CONTRACT) | SECURITY |
| UQUD AL-ISHTIRAK | PROFIT SHARING CONTRACTS |
| UQUD AL-MUAWADHAT | DEFERRED CONTRACTS OF EXCHANGE |
| UQUD AL TABARRUAT | CONTRACT OF CHARITY |
| WADIAH | CUSTODY |
| WADIAH YAD DHAMANAH | CUSTOMERS’ DEPOSITS IN CURRENT A/C GUARANTEED CUSTODY |