Filter by Categories
Accounting
Banking

Islamic Finance




Ujrah


An Arabic term that generally translates as remuneration, wage, recompense, consideration, commission, rate, price, or fees, among others. Ujrah is usually paid or charged against services rendered, work done, tasks performed, etc. For example, in an employment contract, ujrah is the salary or wage paid by an employer to an employee in return for the work done by the latter.

Ujrah is also the rental or rate of rent (as in the contracts of ijarah) or ju’el (the fixed compensation/ reward specified in the contracts of jualah).

Ujrah may also have the meaning of ajr.



ABC
The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*