|
S
Sale and Purchase
Agreement - i. A written contract signed between the buyer and
seller stating amongst others, the terms and conditions under which a
property will be sold. ii. A written contract signed between the
intended buyer of the property and the developer or seller of the
property, stating among others, the terms and conditions under which the
property will be sold.
Securities - Investment instruments traded on the stock exchange.
They can be shares, warrants or fixed income securities.
Security - Real or personal property that guarantees the
repayment of a loan. The borrower risks losing the property if the loan
is not repaid.
Selling Price - The price agreed for the Islamic banking
institution to sell the property back to the customer which consists of
the Islamic banking institution's purchase price (financing amount) plus
its profit margin.
Senior Citizens - Malaysians and permanent residents aged 55
years and above
Separately Managed Equity Portfolio - A portfolio managed by fund
managers where investors own the securities individually.
Service of Notices - Any notice or document required to be sent
or given to a hirer may be sent or given in the following manner: By
personal delivery; or By registered mail addressed to the hirer at the
last known address
Shariah - The law of Islam, that covers every aspects of life,
based upon the Quran, Sunnah (sayings and deeds of prophet Muhammad
p.b.u.h.), Ijma’ (concensus of Muslim scholars)
and Qiyas (analogy).
Spending Plan - A plan of one’s income earned and how and what it
will be spent on to ensure there is sufficient savings set aside to
invest as well as for emergencies.
Stale Cheque - A cheque which has been issued for more than six
months.
Stamp Duty on Loan Agreement - The duty payable to the Government
(Stamp Office) for the stamping of an agreement, in this case, the
Loan/Facility Agreement. Duty payable is based on the loan/facility
amount. The current rate is 0.5% of the loan/facility amount or RM5 per
RM1,000.
Start-up Capital - Capital needed to start or bring the business
into existence.
|
|
