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Nass Zanni

An authoritative shari’a textual source (nass) whose authenticity is disputed by Muslim scholars. For example, for rulings based on qiyas,...

Nass Qat’ii

Arabic (نص قطعي) for an authoritative shari’a textual source (nass) whose authenticity is not a subject of dispute or speculation...

Nonbinding Promise

In Arabic, it is originally known as a wa'ad ghair mulzim; a wa’ad (promise) in which the promisor (al-wa’ed) is...

Non-Binding MPO

It stands for a non-binding murabaha to the purchase orderer; A non-binding MPO is a murabaha to the purchase orderer...

Nawazel

Plural of nazelah; nazelah (نازلة ونوازل) is a new occurrence that requires a new shari'ah ruling (hukm) or nomination (takyeef)....

Nawazil

Plural of nazilah; nazilah (نازلة ونوازل) is a new occurrence that requires a new shari'ah ruling (hukm) or nomination (takyeef)....

Nihd

Arabic (نهد) for an undertaking or commitment to contributing or donating towards a common purpose or endeavor. Originally, it was...

Nominal Value

The principal amount of an instrument (sukuk), a debt (qard, zhemam or receivables, etc), or an account (deposit). For example,...

Nonrefundable Deposit

The amount of money that is paid by a potential buyer to the seller at the time of contract (aqd...

Nisab

Arabic (نصاب) for the lowest amount of wealth that, if reached or exceeded, makes zakah (zakat) obligatory. It is not...