Account
Money saved in a financial institution for
investment and / or safe storage.
Al Mashnu
Ordered items in istishna transactions'.
Al Muslam Fihi
Commodities sent in greeting transactions.
Al-Qardul Hasan
Providing financing facilities to parties that
deserve to be in accordance with sharia.
Asset
Goods that have a high value.
Automated Teller Machines (ATMs)
Machines that process withdrawals and
deposits from and to savings accounts.
Ba’i Al-ishtisna ’
Where the price of goods can be paid at the
time of contract, paid in installments, or paid
in the future.
Ba'i As-Salam
The bank will buy the items needed in the
future, while payments will be made upfront.
Balance
Amount of unpaid bills.
Bank Card
Credit or debit card issued by a financial
institution.
Book Savings
A book provided by financial institutions to
savers to record deposits.
Capital
A number of collections of wealth that can be
used or available to produce more wealth.
Cash withdrawals
Some money withdrawn from the account.
Collateral
Long-term loans obtained privately to buy a
house whose ownership is legally handed
over.
Contract
Relationship between consent and qabul in an
agreement in accordance with the principles
sharia.
Credit Bureau
A credit reporting agency that checks credit
information and stores files regarding
applicants and credit users.
Credit Credit
Plastic cards that provide access to credit
facilities.
Credit Limit
The maximum rupiah limit that can be billed
to certain card accounts.
Debit
Bookkeeping term for a sum of money
borrowed by a person or institution.
Debt Obligations
Loan money that must be paid back to
individuals, businesses or institutions
Deposit
Deposits for a certain period that can be taken
after maturity.
Depsito Mudharabah
Customers deposit funds at the Bank within a
certain period of time.
Distribution of Revenue Sharing
Sharia bank profit sharing to deposit
customers based on the agreed ratio every
month.
Financial Costs
The total credit fee, including interest and all
other fees that are determined as credit terms
Flower
Fees charged for the use of money.
Grace period
The period before interest is added to the new
purchase.
Guarantee
Everything received by financial institutions
as collateral if the debtor does not return the
loan.
Hahalah
Debt transfer; Transfer of debt from a person
who is indebted to another person who is
willing to bear it with a value equal to the
nominal value of his debt.
Ijarah
Contracts for leasing goods between banks
(muaajir) and tenants (mustajir). After the
lease period ends, the leased item is returned
to the owner.
Insurance
An agreement that states an insurer reminds
himself to an insured person.
Interest rate
Percentage, per unit of time, of the total
number of loans billed by banks or financial
institutions.
Istishna ’
The sale and purchase agreement (Mashnu)
between the buyer (Mustashni ') and the
recipient of the order (Shani).
Kafalah
Contract of guarantee (Makful alaih) given by
one party to another party where the
guarantee provider (Kafiil) is responsible for
repayment of a debt that is the right of the
collateral recipient (Makful).
Margin
The amount of profit agreed between the bank
and the customer for financing transactions
with a sale and purchase agreement
(murabahah). The financing margin is fixed
(fixed) unchanged throughout the period of
financing.
Mudharabah
Contract between the owner of the capital
(shahibul maal) and the manager (mudharib)
to obtain income or profit. The income or
profit is divided based on the agreed ratio at
the beginning of the contract.
Mudharabah Muqayyadah
Shahibul Maal set certain conditions that
must be obeyed by mudarib both regarding
the place, destination and type of business
capital or other funds. others are used for
special investments and mutual funds.
Mudharib
The second party or other party other than the
first party.
Murabahah
Sale and purchase agreements between banks
and customers. The bank buys the items that
the customer needs and sells to the customer
in question at the cost of the principal plus the
agreed profit.
Musaqah
Where customers are only responsible for
watering and maintenance.
Musyarakah
Joint venture agreement between two parties
or more capital owners to finance a type of
business that is lawful and productive.
Income or profit
Musyarakah Mutanaqisah
Contracts between two or more parties that
are unionized or share an item.
Muqayyad
Buying and selling with exchanges that occur
between goods and goods or barter.
Muzara'ah
The Bank provides financing for customers
engaged in agriculture / plantations on the
basis of profit sharing from the harvest.
Other Sharia Operational Principles
Other operational principles commonly
practiced by Islamic banks in business
activities as long as they do not conflict with
sharia principles and applicable laws and
regulations.
Qardh
The loan agreement from a bank (Muqridh) to
a certain party (Muqtaridh) must be returned
with the same amount as the loan.
Qardh-ul Hasan
The loan agreement from the bank (Muqridh)
to certain parties (Muqtaridh) for social
purposes that must be returned in the same
amount as loan.
Rahn
Contract of delivery of goods / assets
(Marhun) from the customer (Rahin) to the
Bank (Murtahin) as collateral for part or all of
the debt.
Ratio
Part of the business profit for each party
whose amount is determined based on the
agreement.
Regards
Contract of sale and purchase of ordered
items (Muslam fiih) between the buyer
(Muslam) and the seller (Muslam ilaih).
Specifications and prices of ordered items are
agreed at the beginning of the contract and
payment is made in full in advance.
Sahibul Mal
The first party.
Savings
Deposits that can be taken by agreement
using a book or card as a withdrawal tool.
Sharf
Contract of sale and purchase of a currency
with another currency.
Sharia Principles
Basic rules or basic rules based on Islamic
law, in particular muamalat rules governing
the relationship between banks and other
parties. in the framework of collecting and
distributing funds and banking activities other
sharia.
Sharia Supervisory Board (DPS)
The Board in charge of monitoring
compliance with the application of sharia
principles to sharia banking operations. The
DPS consists of the ulema who are appointed
by the Indonesian Ulema Council National
Sharia Council (DSN), and with the approval
of Bank Indonesia.
Ujrah
Rewards given or requested for a work
performed.
Wadi'ah
Custody of goods / money between parties
who have goods / money and those who are
given trust in order to maintain the safety,
security and integrity of the goods / money.
Wadi'ah Yad Amanah
Goods / money storage agreement where the
recipient of the deposit is not allowed to use
the goods / money deposited
Wakalah
Contract of authorization from the power of
attorney (Muwakkil) to the recipient of the
power of attorney (Deputy) to carry out a task
(Taukil) on behalf of the power of attorney.