MURABAHA
\mjˌʊɹɐbˈɑːhə], \mjˌʊɹɐbˈɑːhə], \m_j_ˌʊ_ɹ_ɐ_b_ˈɑː_h_ə]\
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An Islamic financial transaction. Having property or an asset to sell, the owner will rent or lease it at a fully disclosed rate of profit to an interested buyer. Just like a rent-to-own situation, until the buyer has paid off the note for the asset in full, the owner retains full ownership rights over the asset.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.