Tuesday, April 2, 2013

P


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WordMeanings
PBUH"Peace Be Upon Him. Muslims say peace be upon him (pbuh) after every mention of Prophet Muhammad's name, as a mark of respect.The Arabic translation of peace be upon him is sallallahu alayhi wa sallamwhich is usually abbreviated as S.A.W."
Permanent Musharakah(See Musharakah, Permanent)
PLSProfit-and-Loss-Sharing. The term used to describe a mode of financing modes based on the principle of interest-free lending  and featuring the use of mudarabah andmusharakah.
PortfolioA combination of assets held for its investment benefits, including financial and non-financial returns. The asset mix is usually varied in kind and size to maintain an acceptable level of risk and return.
PrincipalIn commercial law, the principal is the amount that is received, in the case of a loan, or the amount from which flows the interest.
Promissory NotePromise to pay. Written contract between a borrower and a lender that is signed by the borrower and provides evidence of the borrower's indebtedness to the lender.
PSAParticipants Special Account, as in Takaful.



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