Tuesday, April 2, 2013

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WordMeanings
Nafidh ContractImmediate contract
Najash(1) Bidding up the price without an intention to purchase and take delivery of the commodity.
 (2) 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(1) Clear texts of the Shariah, i.e. the Quran and Sunnah.
 (2) An Arabic word meaning "a known, or clear, legal injunction". Word or text with single meaning; text from the work of a jurist.
NawahiProhibitions – acts prohibited by Islam.
NeaaSincerity
Net Working CapitalCurrent assets minus current liabilities.
Nisab(1) The minimum acceptable standard of living.
 (2) Exemption limit for the payment of zakat. It is different for different types of wealth.
NiyyahIntent or intention while doing a job or action.
Non-CommutativeThe 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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