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Sharia Banking
09 March 2010

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Sharia Banking
Glossary
Terms that are on use on this site.
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There are 2 entries in the glossary.


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Term Definition
TakafulMutual support which is the basis of the concept of insurance or solidarity among Muslims. 
 
TawarruqReverse murabahah. As used in personal financing, a customer with a genuine need buys something on credit from the bank on a deferred payment basis and then immediately resells it for cash to a third party. In this way, the customer can obtain cash without taking an interest-based loan.
 


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