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This is an accepted version of this page This is the latest accepted revision, reviewed on 15 December 2024. Short-term unsecured loan A shop window in Falls Church, Virginia, advertising payday loans. A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest ...
The cash loan is different because "money has no intrinsic utility". [ 143 ] Other orthodox supporters (such as Kahf) have defended the Sharia-compliance of the practice saying that among other things, attaching commodities to money in finance prevents money from being used for speculative purposes. [ 142 ]
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Hawala or hewala (Arabic: حِوالة ḥawāla, meaning transfer or sometimes trust), originating in India as havala (Hindi: हवाला), also known as havaleh in Persian, [1] and xawala or xawilaad [2] in Somali, is a popular and informal value transfer system based on the performance and honour of a huge network of money brokers (known as hawaladars).
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Kenya has appealed for urgent financial support from the international community to sustain a police deployment in Haiti, which has been extended by a year.
Baksheesh comes from the Persian word بخشش (bakhshesh), which originated from the Middle Persian language. [2]The word had also moved to other cultures and countries. In the Albanian, Arabic, Bosnian, Bulgarian, Indian, Macedonian, Romanian, Russian, Serbian, and Turkish languages, bakshish or бакшиш means "tip" in the conventional western sense.
Riba (Arabic: ربا ,الربا، الربٰوة, ribā or al-ribā, IPA:) is an Arabic word used in Islamic law and roughly translated as "usury": unjust, exploitative gains made in trade or business.