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Word	Meanings
Rab al Mal	(1) Silent-partner investor
	(2) Beneficial owner or sleeping partner.
	(3) In a mudaraba contract, the person who invests the capital.
	(4) The person who invests the capital in a Shirkah/Mudarabah contract.
	(5) The owner of capital or financier in a mudaraba partnership agreement (also sahib al-mal).
	(6) Owner of capital. In a mudarabah contract the person who invests the capital (the capital owner or financier); the investor in mudarabah contract.
Rahn	(1) Collateralized financing
	(2) Pledge, collateral; legally, Rihn means to pledge or lodge a real or corporeal property of material value as security for a debt or pecuniary obligation, so as to make it possible for the creditor to recover the debt, in the case of nonpayment, by selling the pledged property.
	(3) Pledge. Collateral; technically and legally, it means to pledge or lodge a real or tangible property of material value as security for a debt or pecuniary obligation so as to make it possible for the creditor to recover the debt, in case of non-payment or default, by selling the pledged property. A security given for the payment of a debt. Also known as Al-Rahnor Rahn or  Rihn.
Raiee	In charge – one who is responsible for his subordinates.
Ramadan	Month of fasting for Muslims. It is the ninth month of Islamic calendar, during which Muslims fast; it is also a time for reflection, intensive prayer and self-restraint.
Ras al Mal	Principal amount of a loan or a debt or money invested in a business.
	Capital; the money or property which an investor ( rabb al-mal) invests in a profit-seeking venture, often in a partnership as inmudarabah or musharakah.
Real Asset	Physical or tangible or identifiable assets such as gold, land, equipment, patents, etc. (Opp. financial asset.)
Receivables	Accounts receivable; an amount that is owed the business, usually by one of its customers as a result of the ordinary extension of credit,
Recourse	Refers to the right, in an agreement, to demand payment from the person who is taking on an obligation. A full recourse loan refers to the right of the lender to take any assets of the borrower if repayment is not made. A limited recourse loan only allows the lender to take assets named in the loan agreement. A non-recourse loan limits the lender's rights to the particular asset being financed -- an approach that is common in home mortgages and other real estate loans.
Reinsurance	Insurance bought by insurance companies (insurers). A reinsurer, such as an reinsurance company, assumes part of the risk and part of the premium taken by the original insurer. Reinsurance effectively increases an insurer's capital and therefore its capacity to sell more insurance. Reinsurers do no pay policyholders' claims, instead they reimburse insurers for claims paid by the insurers.
Religious Board	Religious Board in Islamic financial institutions comprise of Shari'ah schloars or advisors are appointed to ensure compliance with the Shari'ah requirements; they have both consultative and supervisory functions. Also termed as Shari'ah Supervisory Board.
Restructure	A revision of a financial agreement that alters the conditions or covenants of the original agreement. For example, parties may agree to restructure a loan agreement, easing the payment schedule, when a borrower is delinquent or otherwise faces default on a loan.
Retakaful	Reinsurance based on Islamic principles. It is a mechanism used by direct insurance companies to protect their retained business by achieving geographic spread and obtaining protection, above certain threshold values, from larger, specialist reinsurance companies. Reinsurance has been defined as “insurance of the liabilities of the direct insurer”. Reinsurance of Takaful business on Islamic principles is known as Retakaful.
Riba	(1) The giving or receiving of interest
	(2) Interest or usury (literally, increase or addition).
	(3) Lit. Excess or increase; and covers both interest and usury.
	(4) Interest − one of the three fundamentals prohibitions in Islamic finance (the other two being gharar and maysir). Literally meaning an “increase” or “addition”, technically it denotes any advantage obtained by the lender as a condition of the loan. Any risk-free or “guaranteed” rate of return on a loan or investment is riba. Riba, in all forms, is prohibited in Islam.
	(5) Lit: an excess or increase. Technically, it means an increase over the principal in a loan transaction, over a debt or in exchange transactions, accrued to the lender/creditor or a party to exchange without giving an equivalent counter value or recompense (‘iwad) in return to the other party.
	(6) Lit: increase or addition. Technically it denotes any increase or addition to capital obtained by the lender as a condition of the loan.  In simple terms Riba covers any return on money on money, whether the interest rate is fixed, floating, simple or compounded and at whatever rate which is guaranteed irrespective of the performance of the investment, is considered riba and is so prohibited. Riba, in all forms, is strictly prohibited in Islamic tradition as it is considered an unjust return that leads to unjust enrichment. Commonly understood as "interest" charged or received on lending though the legal definition goes beyond just interest.  It is one of the three fundamental prohibitions in Islamic finance, the other two being gharar and maysir.
Riba ad Diyun	Interest/usury of debt. Another name forRiba al-nasiah.
Riba al Buyu	Usury of trade. Another name for Riba al-fadl.
Riba al Fadl	(1) The quality premium in exchange of low quality with better quality goods, e.g. dates for dates, wheat for wheat, etc. – an excess in the exchange of Ribawi goods in the case of a single genus on both sides. The concept of Riba Al-Fadl refers to exchange/sale transactions.
	(2) A sale transaction in which a commodity is exchanged for the same commodity but unequal in amount, such as unequal exchange involving larger amount of low quality goods with smaller amount better quality goods, resulting in an excess in exchange. The concept of Ribal al fadl refers to exchange and sale transactions in trade. To avoid riba-al-fadl the exchange of commodities from both sides should be equal and instant. Riba al-fadl was prohibited by Prophet Muhammad (pbuh) to forestall riba from creeping into the economy. Also known as Riba al-buyu.
Riba an Nasiah	(1) Riba of delay, due to exchange not being immediate with or without excess in one of the counter values. It is an increment on the principal of a loan or debt payable. It refers to loan/credit transactions or lending money on the understanding that the borrower will return to the lender at the end of the period the amount originally lent together with an increase on it, in consideration of the lender having granted him time to pay. Interest, in all modern banking transactions, falls under the purview of Riba Al-Nasiah.
	(2) Interest-based lending. Riba of delay or usury of debt, due to exchange not being immediate with or without excess on one of the counter-values. Increment on the principal of a debt or loan payable by the borrower. It refers to the practice of lending money for any length of time on the understanding that the borrower would return to the lender the amount originally lent together with an increase on the loan amount, in consideration of the lender having allowed the borrower time for repayment.Usury of debt was an established practice amongst Arabs during the pre-Islamic period. The increment was known as riba al-nasia. Interest in all conventional banking transactions come under the scope of Riba al-nasiah. Also known as Riba al-diyun.
Ribawi	Goods subject to Fiqh rules on Riba in sales – monetary units and items sold by weight and/or by measure, including gold, silver, paper currencies, edible goods like wheat, rice, barley, dates, salt, etc.
Ribh	Root of murabaha Cost plus Profit It is referring to a sale where a seller’s sale an objective to others, where the cost of object is known for buyer.
Ribh al Mithl	Matching rate of profit.
Rihn	(See: Rahn.)
Roll Over	Prior to or at the time of the maturity of an investment or loan, the interested parties agree to continue to carry over the investment or loan for another, successive period of time.
Rukban	Grain dealers coming from the tribal/rural areas to the town to sell goods.
Rukn	Cornerstone of a contract, an essential requirement.
Ruqa	Banking instrument of the early Muslim period.  It was a payment order to draw money from the bank.
Rushd	Age of discretion, maturity, puberty, majority, as in Takaful.

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