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Islamic banking and finance has its own products and services that differ from conventional banking. [ 1][ 2] These include Mudharabah ( profit sharing ), Wadiah (safekeeping), Musharakah ( joint venture ), Murabahah (cost plus finance), Ijar ( leasing ), Hawala (an international fund transfer system), Takaful (Islamic insurance), and Sukuk ...
Ijarah, ( Arabic: الإجارة, al-Ijārah, "to give something on rent" [ 1][ 2] or "providing services and goods temporarily for a wage" [ 3] (a noun, not a verb)), is a term of fiqh (Islamic jurisprudence) [ 1] and product in Islamic banking and finance . In traditional fiqh, it means a contract for the hiring of persons or renting/leasing ...
Global financial system. The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic action that together facilitate international flows of financial capital for purposes of investment and trade financing. Since emerging in the late 19th century during the first modern wave of ...
The government of Washington State is the governmental structure of the State of Washington, United States, as established by the Constitution of the State of Washington. The executive is composed of the Governor, several other statewide elected officials and the Governor's cabinet. The Washington State Legislature consists of the House of ...
In 1791, Congress chartered the First Bank of the United States. The bank, which was jointly owned by the federal government and private stockholders, was a nationwide commercial bank which served as the bank for the federal government and operated as a regular commercial bank acting in competition with state banks.
Rental agreement. A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [ 1] As a minimum, the agreement identifies the parties, the property, the term of the ...
Washington, officially the State of Washington, [ 3] is the westernmost state in the Pacific Northwest region of the United States. It is often referred to as Washington state[ a] to distinguish it from the national capital, [ 4] both named for George Washington (the first U.S. president ). Washington borders the Pacific Ocean to the west ...
ABA routing transit number. In the United States, an ABA routing transit number ( ABA RTN) is a nine-digit code printed on the bottom of checks to identify the financial institution on which it was drawn. The American Bankers Association (ABA) developed the system in 1910 [ 1] to facilitate the sorting, bundling, and delivering of paper checks ...