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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.
 
 
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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.
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