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Terms of Islamic Finance

Terms of Islamic Finance

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Published by Daniyal

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Published by: Daniyal on Feb 07, 2009
Copyright:Attribution Non-commercial

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11/24/2012

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 TERMS
OFISLAMIC FINANCEISLAMIC FINANCE
ESSENTIALS OF
ISLAMIC FINANCE
 
 
Relating to the sources of Islamic law, it is thecustoms and the usages of a particular society.
 Al-'uurf 
 
 
Merchandise, stock-in-trade. Jurists applythis term in different connotations:
(a)sometimes it is applied to everything exceptcash;(b) sometimes it is applied to everything exceptcash, eatables, garments and immovableproperty;(c) sometimes it is applied to everything exceptcash, measurable, weighable, animals andimmovable property.
 
 Al-'uruud 
 

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