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Word of the Day
An order sale used mainly in financing assets that are under construction
No. Arabic Term English Term Literally English
1 Ta'addi Transgression Literally: to transgress limits that should be observed; the related term ‘udwan combines connotations of injustice, aggression and transgression. Allah, the Exalted, said: ﴿إِذْ يَعْدُونَ السَّبْتِ﴾ “…when they transgressed in the matter of the Sabbath” Surah al-A’raf (7):163. It also means to pass from one thing to another.
2 Ta'dil Amendment Literally: ta’dil has two meanings: 1) to adjust something so that it becomes as it should be; 2) to testify that someone is honest.
3 Ta'mim Nationalization n/a
4 Ta'min Insurance Literally: Form II derivation of amina: to feel secure; ta'min: to make someone elsefeel secure or to ensure something's security in fact.
5 Ta'wid Compensation (Literally: to substitute one thing for another. Each of the items is called ‘iwad (a’wad
6 Ta'wid & Daman Compensation/Indemnity & Guarantee n/a
7 ta'widh Compensation charged to a debtor for late payment
8 Ta'zir mali Discretionary Financial Punishment ta’zir: to prevent and repel. It is used for chastisement and hitting because they stop a transgressor from repeating the offense.
9 tabadul al-huquq Exchange of rights
10 Tabarru' Voluntary Donation Literally: a voluntary act; a gift which is not preceded by a request.
11 tabarru'at Donation
12 Tabi' Ancillary Literally: following; succeeding.
13 tabiat al-'aqd Nature of contract
14 Tadlis Fraud Literally: from dalas: darkness and concealment; tadlis: to conceal a defect; e.g., in a sale it means concealing the defect of the commodity from the buyer.
15 Tadlis & Ghish Fraud & Deception n/a
16 Tadlis & Khilabah Fraud & Cajole n/a
17 Tadlis and Taghrir Fraud and Misrepresentation n/a
18 Tafarruq Separation Literally: and Technically: distinction of one thing from another. The Qur’an is called al-Furqan because it distinguishes between truth and falsehood. In the hadith of the Prophet (peace be upon him), “A combined herd should not be separated, nor should separate herds be gathered for fear of zakah.” Jurists also focused their attention on separation from a contract session, based on the hadith of the Prophet (peace be upon him), “A buyer and seller have the option [to cancel the sale] as long as they have not yet separated.” Some jurists consider it to mean physically separating, whereas others say it is verbal separation, i.e., by changing the topic of discussion after having reached agreement.
19 Tafarruq al-safqah Composite Transaction Literally: from safqah to slap; it is customary for the buyer and seller to shake hands to indicate that they have sealed a transaction.
20 Taflis Judgment of Bankruptcy Literally: an announcement by a judge or ruler that someone is bankrupt.
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Source: ISRA Compendium 2010