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Accounting
Banking

Long-Term Debt

The amounts of money (funding) that an issuer raises through the sale of long-term securities. It represents part of an…

Funded Debt

The amounts of money (funding) that an issuer raises through the sale of long-term securities. It represents part of an…

GL

It’s stands for general ledger; a bookkeeping ledger in which accounting figures (related to transactions and events) are recorded as…

General Ledger

A bookkeeping ledger in which accounting figures (related to transactions and events) are recorded as derived from journals and aggregated…

Musaqi

The irrigation worker (مساقي) in a musaqa contract/ musaqat contract (tree irrigation contract) who supplies water to trees (specifically fruit-bearing…

Murabaha ‘Aksiya

Arabic (مرابحة عكسية) for reverse murabaha (cost-plus sale). It is an Islamic cash financing mechanism involving one party purchasing an asset…

Mixed Waqf

Mixed waqf (وقف مشترك) is a form of waqf (Islamic endowment) in which the assets (property) assigned as endowment are…

Ma’dum

Literally, it refers to anything that is missing, unavailable, or nonexistent. Technically, it is used in conjunction with a contract…

Muhabat

Arabic (محاباة) for deference in a transaction. More specifically, it means a favor extended in an exchange-based transaction, either by…

Ijtihad Qiyasi

The process of coming up with a new ruling (hukm) for which there is presently no specific illah or effective…