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Glossary of Islamic Banking Terminology- U -
Home > Glossary > U



 

Ulamaa
Plural of Alim. The people of knowledge from amongst    the Muslims who act on what they know and do what they say.

Ummah
Refers to the whole Muslim community, irrespective of colour, race, language or nationality, which carry no weight in Islam.

Umrah al-Qada
The fulfilled Umrah - the Umrah which the  Prophet performed in the seventh year after Hijrah which he intended to do in the sixth year but which the Quraysh unbelievers had not allowed him to complete.

Umrah
A pilgrimage to Mekkah, but not during the Hajj period. It   is also called "the Lesser Pilgrimage".

Urbun
earnest money.

Urf
usage; custom.

Urn al-shurut
conveyancing; drafting of legal documents.

Urudh
Pl. of ‘Ardh: property that includes goods, slaves and even real estate.

Ushr
Ten per cent (in some cases five per cent) of agricultural produce payable by a Muslim as a part of his religious obligation, like Zakat, mainly for the benefit of the poor and the needy.

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