Key Vocabulary from Ekonomi Syariah for High School Grade X

A set of flashcards containing key vocabulary and definitions related to the topic of Islamic economics.

Ekonomi Syariah

A system of economics that implements the basic values and principles of Islamic law.

ZISWAF

Zakat, Infaq, Sedekah, and Wakaf; key instruments in the Islamic economic system for social welfare.

Maqasid Syariah

The objectives of Islamic law aimed at preserving religion, life, intellect, lineage, and wealth.

Falah

Success or welfare both in this world and the hereafter, a key concept in Islamic economy.

Al-Hisbah

An institution for overseeing market fairness and ethical transactions in Islamic economics.

Gharar

Uncertainty or ambiguity in contracts, which is prohibited in Islamic finance.

Riba

Usury or interest; the practice of charging excessive interest on loans, which is strictly forbidden in Islam.

Maslahat

The principle of public interest or welfare; actions taken to achieve benefits for the community.

Mudarabah

A profit-sharing agreement where one party provides capital and the other provides expertise.

Musharakah

A joint venture or partnership where all partners share profits and losses.

Ijarah

A lease agreement in Islamic finance where the lessor provides an asset to the lessee for use.

Mudharabah

A financing structure in which an investor provides capital to an entrepreneur for a specific project.

Sukuk

Islamic financial certificates, similar to bonds, that comply with Sharia law and represent an investment.

Wakaf

A charitable endowment in Islamic law where the assets are preserved and only the income is utilized.

Zakat

Obligatory almsgiving or charity in Islam, constituting a fixed portion of a Muslim's savings.

Fai'

The property acquired by Muslims without war or conflict, regarded as a source of public finance.

Kharaj

A form of tax in Islamic law imposed on land and produce.

Ushr

A tax based on agricultural produce; one-tenth of the crop yield.

Dhariyyah

Wealth or income that supports the general populace and assists in economic distribution.

Baitul Maal

The public treasury in Islam, managing income from various zakat and charity sources.

Amwal

Wealth, particularly in the framework of Islamic financial regulations.