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Glossary of Islamic Banking Terminology- N -
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Nasi’atan
by way of nasiah, that is, with a delay in the delivery of one or both counter-values in a contract of exchange {bay).

Nass
text; word or text with a single meaning; text from the work of a jurist.

Nisa (Riba al)
A type of interest. Taking interest on loaned money. An act which Haram. See the Holy Quran, Al-Baqara (2):275-280 and Aaliimran(3):13O.

Nisab
A threshold of wealth of which any excess is subject to  Zakah.

Nizam
institution; term used in Saudi law for the corporation, in place of the usual term sharikah, in Arab law.

Nubzah
beverage made from dates; mead of dates.

 

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