1. Credit: This is the most common meaning of "nasiya" in modern usage. It refers to the practice of extending credit to someone, allowing them to pay for goods or services at a later date. This is often used in the context of business transactions.
2. Loan: Similar to credit, "nasiya" can also refer to a loan, where someone lends money to another person with the expectation of repayment.
3. Postponement: In some contexts, "nasiya" can mean to postpone or delay something. This is particularly relevant in Islamic law, where it refers to the postponement of a payment due to financial hardship.
4. Trust: This meaning is less common, but "nasiya" can sometimes be used to refer to the act of trusting someone. This is related to the idea of extending credit or a loan, as it requires trusting the borrower to repay.
In Islamic finance:
* Nasiya is a key concept. It emphasizes the importance of extending credit to those in need, while also stressing the need for fair and ethical practices.
* Riba (interest) is strictly prohibited in Islam. Therefore, "nasiya" transactions typically involve a profit sharing mechanism instead of interest.
Examples:
* "I need to get a nasiya from the bank to buy a car." (Meaning: a loan)
* "The shopkeeper allowed me to pay for the groceries on nasiya." (Meaning: credit)
* "The imam asked for nasiya for the payment of the mosque renovation." (Meaning: postponement)
To accurately understand the meaning of "nasiya" in a specific context, it is important to consider the surrounding words and phrases.