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Glossary of Financial Terms - P
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.
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PBUH |
"Peace Be Upon Him. Muslims say peace be upon him (pbuh) after every mention of Prophet Muhammad's name, as a mark of respect.The Arabic translation of peace be upon him is sallallahu alayhi wa sallam which is usually abbreviated as S.A.W." |
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Permanent Musharakah |
See Musharakah, Permanent |
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PLS |
Profit-and-Loss-Sharing. The term used to describe a mode of financing modes based on the principle of interest-free lending and featuring the use of mudarabah and musharakah. |
| Portfolio |
A combination of assets held for its investment benefits, including financial and non-financial returns. The asset mix is usually varied in kind and size to maintain an acceptable level of risk and return. |
| Principal |
In commercial law, the principal is the amount that is received, in the case of a loan, or the amount from which flows the interest. |
| Promissory Note |
Promise to pay. Written contract between a borrower and a lender that is signed by the borrower and provides evidence of the borrower's indebtedness to the lender. |
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PSA |
Participants Special Account, as in Takaful. |
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