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Word	Meanings
Taawun	(1) A principle of mutual assistance.
	(2) Brotherhood or mutual assistance
Tabarru	(1) Donation, gift, or contribution.
	(2) Charity or donation. In takaful, it is a voluntary pooled fund for the benefit of all members.
	(3) Benefits given by a person to another without getting anything in exchange. For example, gracious repayment of debt, absolutely at the lender’s own discretion and without any prior condition or inducement for reward is covered under Tabarru‘. Repaying a loan in excess of the principal and without a precondition is commendable and compatible with the Sunnah of the holy Prophet (pbuh). But it is matter of individual discretion and cannot be adopted as a system, because this would mean that a loan would necessarily yield a profit, making it usurious.
	(4) Act of charity out of one's own free will without any compulsion or obligation. A donation covenant in which the participants agree to mutually help each other by contributing financially should a fellow participant suffer a loss. A contract to provide somebody any good or service without compensation in return. Takaful is commonly referred to as Islamic insurance as the system must comply with the Shari’ah.  The Tabarru concept is the main core of the takaful  system making it free from uncertainty and gambling.  In aTakaful a contract a participant agrees to donate a pre-determined percentage of the contribution to a Takaful fund set up to provide assistance to fellow participants. In this way the participant fulfill the obligation of mutual assistance and shared responsibility. Also termed as  Aqd tabaru.
Tabzir	Spending wastefully on objects which have been explicitly prohibited by the Shariah, irrespective of the amount of expenditure (see also Isr¯af).
Tafwid	To entrust.
Tahsinat	To lead to decent life.
Tajdid	Renewal.
Takaful	(1) Mutual guarantee.
	(2) Islamic insurance
	(3) Takaful refers to mutual support which is the basis of the concept of insurance or solidarity among Muslims.
	(4) A form of Islamic insurance based on the principle of Ta’awon or mutual assistance. It provides for mutual assistance in cases of loss to life, assets and property and offers joint risk-sharing in the event of a loss incurred by one of the pool members.
	(5) This is a form of Islamic insurance based on the Quranic principle of ta’awon or mutual assistance. It provides mutual protection of assets and property, and offers joint risk sharing in the event of a loss by one of its members. Takaful is similar to mutual insurance in that members are the insurers as well as the insured. Conventional insurance is prohibited in Islam because its dealings contain several haram elements, including gharar and riba, as mentioned above.
	(6) An Arabic word meaning “guaranteeing each other” or joint guarantee through mutual support and shared responsibility whereby a group of persons agree to jointly guarantee among themselves against a defined loss. Known as Islamic insurance, a form of insurance based on the Quranic principle of mutual assistance ( ta'awuni). Structured as a charitable collective pool of funds based on the idea of providing mutual protection and shared responsibility and joint risk sharing in the event of a loss by one of its participants. The p articipants regulary contribute a sum of money into the pool of funds. Takafulschemes are designed to avoid the elements of conventional insurance (i.e. interest and gambling) as well as investment of  the (takaful) funds in activities that are prohibited by the Shari'ah.
Takaful at Ta'awuni	Coperative concept of risk-sharing and mutual self-help by members of a group or scheme.
Taliq	Conditions which suspend a contract to any future event.
Tamein	Arabic word used for insurance.
Tamin	Insurance.
Tamlikat	Contract: acquiring of ownership.
Tamthil	Similarity or likeness.
Taqlid	Imitation.
Taqwa	(1) Righteousness
	(2) Piety, virtue and righteousness with a sense of accountability to Allah (SWT). It encompasses not only obedience to Allah, but also the love of fellow human beings, who should be treated as part of an extended human family.
Taqyidat	Contract: restrictions.
Taslif	A sale by advance payment.
Tauthiqat	Contract: security.
Tawakkul	Trust in God for the result after one has undertaken all necessary effort. It is one of the important values for Muslims. After making all necessary efforts, a Muslim believs that the result are in hands of GOD.
Tawarruq	(1) Reversed murabaha.
	(2) Structure for cash financing
	(3) Acquiring cash through trade activities – to buy on credit and sell at spot value with the objective of getting cash, meaning that the trade transaction was not needed by the buyer; he simply wanted liquidity, which he got by purchasing a commodity on credit and selling the same to a third party on cash.
	(4) Reverse Murabaha, for the purpose acquiring cash through trade activities.  Technically, according to the Muslim jurists,tawarruq can be defined as: a person who buys a commodity at a deferred price, in order to sell it in cash at a lower price. Usually, the sale is to a third party, with the aim to obtain cash. This is the classical formtawarruq , which is permissible, provided that it complies with the Shari’ah requirements on sale (bai).
Tawheed	(See Tawhid.)
Tawhid	(1) The need to submit fully to God
	(2) In Arabic it means attributing Oneness toAllah and describing Him as being One and Unique, with no partner or peer in His Essence and Attributes. Strictly singular; reference to One God.
Tawliyah	Sale at cost.
Tazir	Punishments not expressly provided in the Holy Qur’¯an and Sunnah; awarded by a judge at his own discretion, keeping in mind the severity of the crime.
Term	Refers to the maturity or length of time until final repayment on a loan, bond, sale or other contractual obligation.
Thaman	(1) Exchange of all forms of currency.
	(2) Price, monetary value of a commodity in an exchange.
Thaman e Mithl	Normal/market price that has to be paid in case any issue arises in deciding the actual price in any transaction.
Thawab	Reward.
Tijarah	Trade; Business.

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