Origins, Evolution and the Future
Studies in Islamic Finance, Accounting and Governance series
Adl Justice. Ahadith (pl. of hadith) Statements of the Prophet. Ahd Promise. Ahdname A statement of promise. Ahilik, Ahis A medieval Turkish/Islamic order closely associated with craft guilds. Akçe Ottoman silver-based coin. Al-aqilah Ancient Arab custom considered to be the essence of modern Islamic insurance. Al-diyah or diyah Compensation for harm inflicted or a return paid for a favour. Al-mafalis Bankrupt. Aman Security granted by a Muslim conqueror to the conquered peoples. Amanah Entrustment. Anatolia Turkey in Asia. Aqad izin The authorization granted by depositors to Tabung Haji to invest their deposits. Awqaf al-nuqud Cash waqfs. Bai’ Bithaman Ajil A controversial financial instrument utilized by some Islamic banks. Bai’ inah Sale on credit for payment at a future time.1 Bancatakaful Insurance (takaful) marketing through Islamic banks. Bay’ al-dayn A controversial pre-Islamic sale contract involving an exchange of credit for credit.2 Bayt al-mal Public treasury. Ber vech-i malikâne In the manner of malikâne. Berat A document of permission, a document attached to esham shares. Bi’at Mutual agreement between a ruler and subjects. Bona fide Genuine, real. Bumiputra Endogenous Muslims of Malaysia. Caveat Warning. Caveat emptor The principle that the risk of a purchase belongs to the buyer alone. 293 294 Islamic capitalism and finance Ceteris paribus Assuming that other conditions are held constant. Conditio sine qua non An indispensable condition. Consol Fully transferable and negotiable English annuities. Consolato del Mare European mercantile law borrowed from the world of Islam. Corpus Capital of a waqf, main body of. Dar...