Search results
Results from the WOW.Com Content Network
According to Sami Al-Suwailem, "researchers in Islamic finance" do not agree on the "precise meaning" of gharar, [6] although there is not necessarily great difference among the Islamic schools of jurisprudence in the term's definition. The Hanafi legal school defines gharar as "that whose consequences are hidden", (according to Sami Al ...
The Urdu Dictionary Board (Urdu: اردو لغت بورڈ, romanized: Urdu Lughat Board) is an academic and literary institution of Pakistan, administered by National History and Literary Heritage Division of the Ministry of Information & Broadcasting. Its objective is to edit and publish a comprehensive dictionary of the Urdu language.
The following terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations. Noun phrases [ edit ]
(The other two types are tawliyah—sale at cost—and wadiah—sale at specified loss.) According to Taqi Usmani "in exceptional cases" an Islamic bank or financial institution may lend cash to the customer for a murâbaḥah, but this is when the customer is acting as an agent of the bank in buying the good the customer needs financed.
The dictionary has been arranged and edited according to the following criteria: All the common words, idioms, proverbs, and modern academic, literary, scientific, and technical terms of the Urdu language have been listed. Only those obsolete words and idioms have been included which are found in ancient books.
Among other things, the value of Ke and the Cost of Debt (COD) [6] enables management to arbitrate different forms of short and long term financing for various types of expenditures. Ke applies most prominently to companies that regularly generate excess capital (free cash flow, cash on hand) from ongoing operations.
In Islamic banking it has become a term for both a marked-up price and deferred payment – a way of financing a good (home, car, business supplies, etc.) whereby the bank buys the good and resells it to the customer at higher price (informing the customer of the price increase), and offering to take payment in installments or in a lump sum. [279]
The profit is distributed among the partners in pre-agreed ratios, while the loss is borne by each partner strictly in proportion to respective capital contributions. This concept is distinct from fixed-income investing (i.e. issuance of loans). [30] Musharaka is used in business transactions and often to finance a major purchase. Islamic banks ...