Institute of Islamic Banking and Insurance - Key Term

Glossary of Financial Terms - N

This glossary is not limited to Islamic terms and

contains Arabic and English terms that are also referred to

in the study of Islamic economics, banking and insurance.

A B C D E F G H I J K L M N O P Q R S T U W Z

Najash	Prohibited practice of deceiving and inciting a potential buyer of goods during the course of pre-sale negotiations or bidding to secure a greater value that the true worth of the goods.
Nass	An Arabic word meaning "a known, or clear, legal injunction". Word or text with single meaning; text from the work of a jurist.
Net Working Capital	Current assets minus current liabilities.
Nisab	Exemption limit for the payment of zakat. It is different for different types of wealth.
Non-Commutative	The contract of sale is in which seller gives the thing sold, and receives the no price or remuneration in return. Opp. to Commutative.