Across
- 1. A joint partnership where all partners contribute capital and share profits and losses according to a pre-agreed ratio, based on Islamic finance principles.
- 2. Small-scale savings programs designed to help low-income people save money safely and systematically over time.
- 3. Small investments made in micro-enterprises, where investors provide capital in return for a share of the business’s profits or ownership.
- 6. Small-scale insurance products designed to protect low-income individuals against specific risks like illness, death, or property loss, usually with affordable premiums.
- 8. An Islamic financing structure where the seller discloses the cost and profit margin to the buyer; typically used in asset purchases, where payment can be made over time.
- 9. Small-value money transfers, often across borders, typically used by migrant workers sending remittances back to their families.
Down
- 1. A small-scale Islamic cooperative insurance system where participants contribute to a pool to guarantee each other against loss or damage, in accordance with Shariah (Islamic law).
- 4. A profit-sharing partnership where one party provides the capital and the other manages the business; profits are shared according to an agreed ratio, but financial loss is borne only by the capital provider.
- 5. Small loans provided to individuals or small businesses that typically lack access to traditional banking services, aimed at helping them start or expand economic activities.
- 7. An Islamic leasing agreement where one party leases an asset to another for a fixed payment and time period, without transferring ownership.