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Glossary of Financial Terms: N

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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.