| Term | Meaning |
| Amanah | Trustee |
| Bai Ad-Dayn | Sale of Debt |
| Bai Bithaman Ajil | Deferred Payment Sale, over a period of time |
| Bai Inah | 2-party Sale (for Cash) |
| Bai Salam | Trust Sale |
| Fatwa | Edict, opinion or judgement based on religious sources scholarly discussion |
| Gharar | Uncertainty, unmitigated risk |
| Hadith | Sayings of the Prophet as recorded |
| Halal | Permissable, Clean & Pure |
| Haram | Prohibited |
| Hibah | Gift |
| Hilah | Trick (contractum trinius) |
| Hiwalah | Transfer of debt |
| Ibadah | Worship |
| Ibra’ | Rebate |
| Ijab | Offer (tenets of a contract) |
| Ijarah | Rent |
| Ijarah Mausufah Fi Zimmah | Forward Lease |
| Ijarah Muntahiah Bi Tamlik | Rental with intention to own |
| Ijarah Thumma Al Bai | Rent with eventual sale (Hire-purchase) |
| Inah | Deferred payment sale and subsequently followed by cash sale by the earlier buyer. |
| Isnad | Change of reporting(hadith) |
| Istijrar | Staggered sale (time-to-time sale) |
| Istina’a | Order |
| Ijtimak | Social Walfare |
| Jualah | Service Charge |
| Jizyah | Tax imposed on non-Muslim in a muslim’s state. |
| Kafalah | Guarantee |
| Kiraa’ waqtinaa’ | Rent followed by sale |
| Maisir | Unearned income, unfair income (part of gambling) |
| Muamalat | Man-to-Man transaction |
| Mudharabah | Profit Sharing. Commonly for investments. |
| Mudharib | Entrepreneur, in a Mudharabah transaction |
| Murabahah | Cost-plus sale (financing) |
| Musawamah | Simple Sale |
| Musyarakah | Partnership, Joint-venture |
| Musyarakah Mutanaqisah | Diminishing partnership |
| Musaqat | Agriculture Partnership |
| Mukharabah | Leasing of land for agriculture. |
| Muzara’ah | Leasing of land for agriculture. |
| Muqassah | Set-off |
| Nasi’ah | Delay (used in relationship in delay of payment of money) |
| Qabul | Acceptance (tenets of a contract) |
| Qardh | Loan |
| Qardhul Hassan | Benevolent Loan |
| Qimar | Gambling |
| Rab Ul Maal | Capital providers, Fund owner |
| Rahnu | Collateralised debt (pawn broking) |
| Riba’ | Usury (interest) |
| Sarf | Exchange of foreign currency |
| Shariah | Law (Islamic) literal definition – way, path |
| Shirkah | Partner |
| Sukuk | Certificates (Securitised Assets) |
| Sunnah | Actions of the Prophet as recorded |
| Siasah | Public |
| Takaful | Mutual assistance |
| Tawarruq Murabahah | Tripartite Cost-plus Sale |
| Tawliyah | Novation |
| Tabarru’ | Donation |
| Ujrah | Compensation / Service Charge |
| ‘Uruf | Custom of practice. |
| Yad Amanah | With Trust (used with Wadiah) |
| Yad Dhamanah | With guarantee (used with Wadiah) |
| Waad | Promise |
| Wakalah | Agency |
| Wakf | Endowment |
Reference:
- http://bangladeshwatchdog.blogspot.com/2010/09/all-america-is-hallowed-ground-for.html
- http://aibim.com/content/view/150/77/
- http://usnazri.blogspot.com/2010/01/islamic-finance-glossary.html
- http://www.investopedia.com/terms/n/novation.asp
- http://arzim.blogspot.com/2010/02/how-muqassah-or-set-off-is-affected-in_1130.html
- http://www.qfinance.com/dictionary/wakalah
- http://nurjamilahrangkuti.blogspot.com/2010/12/banking.html
- http://global.britannica.com/EBchecked/topic/296158/isnad
- http://www.applied-islamicfinance.com/sp_capitalmarket_3.htm
- Book: The Principle and Practice of Islamic Banking and Finance by Mohd. Nasir Mohd. Yatim and Amirul Hafiz Mohd. Nasir PEARSON EDUCATION
