Godly loan. Borrow and return the same amount of money.

Interest free loan where the same amount of money is borrowed and returned.

Interest-based lending that results from the exchange not being immediate. A practice similar to conventional lending today where the borrower pays the lender more than the original amount lent to reflect the delay in repayment.

The concept of Riba al-fadl refers to exchange or sale transactions in trade which effectively result in the charging of ‘interest’ through the exchange of the same commodity, but of a different quality or quantity.

Zakat is a financial obligation (if you meet the requirements) to donate a certain proportion of wealth to charity. Zakat is payable on all accumulated wealth held for the period of 12 lunar months. Zakat is the third pillar of Islam and seen as an act of worship.

The Islamic term for interest which is prohibited in Islamic/ Shariah compliant financing.

Commonly known as endowment. This usually involves donating a fixed asset, such as a building or a plot of land, that can produce a financial return or provide benefit to the community.