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Ijarah, ( Arabic: الإجارة, al-Ijārah, "to give something on rent" [ 1][ 2] or "providing services and goods temporarily for a wage" [ 3] (a noun, not a verb)), is a term of fiqh (Islamic jurisprudence) [ 1] and product in Islamic banking and finance . In traditional fiqh, it means a contract for the hiring of persons or renting/leasing ...
In Bai' muajjal (literally "credit sale", i.e. the sale of goods on a deferred payment basis), the financier buys the equipment or goods requested by the client, then sells the goods to the client for an agreed price, which includes a mark-up (profit) for the bank and is paid either in installments over a pre-agreed period or in a lump sum at a ...
Profit and Loss Sharing (also called PLS or participatory banking) refers to Sharia-compliant forms of equity financing such as mudarabah and musharakah. These mechanisms comply with the religious prohibition on interest on loans that most Muslims subscribe to. Mudarabah (مضاربة) refers to "trustee finance" or passive partnership contract ...
An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with ...
A short sale is when a mortgage lender agrees to allow a homeowner to sell their home for less than what they owe on the mortgage. A short sale can help you get out of an underwater situation, but ...
Islamization of knowledge. v. t. e. Islamic economics ( Arabic: الاقتصاد الإسلامي) refers to the knowledge of economics or economic activities and processes in terms of Islamic principles and teachings. [ 1] Islam has a set of special moral norms and values about individual and social economic behavior.
Yes, you may qualify for a mortgage after a short sale, depending on the loan program you select. FHA loans are worth considering for credit-challenged borrowers once the three-year waiting period ...
Aks-Shajrah is the copy of the map. Shajra also rendered as Shajra Nasab, shajarat, (Arabic/Urdu: شجرہ, Hindi: वंशावली), (synonyms: Ancestry, Pedigree, Genealogy, Lineage, Family Tree, Shajra, Family Chart) which means Tree of Ancestry. The term "Shajra" comes from the Arabic word شَجَر (Shajar), meaning "a tree" or "a ...