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Word of the Day
istisna
An order sale used mainly in financing assets that are under construction
No. Arabic Term English Term Literally English
1 Ra's al-mal Capital Literally:the Arabic word means the basic wealth of a person excluding other earnings.. Almighty Allah says: ﴿وَإِن تُبْتُمْ فَلَكُمْ رُؤُوسُ أَمْوَالِكُمْ﴾ Meaning: “But if ye turn back, ye shall have your capital sums” (2: 279).
2 Rabb al-mal Wealth/Property Owner Literally:the Rabb in Arabic means the owner of something.
3 Rahn & daman Mortgage & Guarantee n/a
4 Ratib Salary Literally:the Arabic word means to be stationary.
5 Rawaj Circulation Literally:the Arabic word means that something is widespread and much needed.
6 Ri' Yield Literally:th Arabic word means the indirect gain from any wealth.
7 Ri'ayah Care Literally: the Arabic word means to protect and take care of something. The one responsible for something is its guardian. The Messenger of Allah said:” Every one of you is a caretaker “. One of the objectives of Sharia is to secure the benefits and interests; in the disposal of the agent; in the guardian of the orphan’s property; the guardian of the endowment; and the worker in Mudaraba.
8 Riba Usury Literally: riba: addition, growth, elevation. Allah, the Exalted, said: وَتَرَى ا رْألَْضَ هَامِدَةً فَإِذَا أَنزَلْنَا عَلَيْهَا ا اْملَء اهْتَزَّتْ وَرَبَتْ وَأَنبَتَتْ مِن كُلِّ زَوْجٍ يَهبِجٍ “You see the earth barren and lifeless, but when We pour down rain upon it, it is stirred [to life], it swells, and it puts forth every kind of beautiful growth in pairs” Surah alHajj (22):5. Anyone who transacts in usury (interest) is known as a murabi (usurer).
9 Riba & Hamish al-Murabahah Usury & the Profit Margin n/a
10 Riba al-buyu' Usury in Sales n/a
11 Riba al-fadl Usurious Sales n/a
12 Riba al-muzabanah Usury of Barter Literally: a Form III derivation of zabana: to push or pay; thus muzabanah would bemutual payment.
13 Riba al-naqd Spot Riba n/a
14 Riba al-nasa' Usurious Loans n/a
15 Riba al-nasi'ah/riba al-duyun Interest on Debt Literally: nasi’ah is derived from the verbal noun nasa’: delay. Therefore, riba al-nasi’ah is the stipulation of a premium paid to the lender in return for his allowing a delay in repayment. It is also known as al-riba al-jali (obvious usury).
16 Riba al-qurud Usury of Loans n/a
17 Ribh Profit The Arabic word means the benefit from trade.
18 Ribh & Ghallah Profit & Returns n/a
19 Ribh & Nama' Profit & Increment n/a
20 Ribh & Ri' Profit & Yield n/a
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Source: ISRA Compendium 2010