Takaful - A
protection plan based on the Shariah principles. A person contributes a
sum of money to a takaful fund in the form of participative contribution
(tabarru') and undertakes a contract to become one of the participants
by agreeing to mutually help each other, should any of the participants
suffer a defined loss.
Term Charges - Total interest charged on the hire-purchase
facility and is calculated based on a flat rate on the amount financed
over the duration of the facility.
Term Financing - A financing facility with regular periodic
instalments, over a specified period of time.
Term Loan - A loan which is repaid through regular periodic
payments, usually over a period of time, for example 10 years.
Time Weighted Rate of Return - A measure of compound rate of
growth in a portfolio.
Title - A legal document establishing the rights of ownership on
Trading Account - An account opened by dealers for every
investor. The account indicates the amount invested and shows movements
of investor's fund through buying and selling of commodities traded e.g.
in foreign currency.