| Takaful |
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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.
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| Term Charges |
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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.
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| Term Financing |
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| A financing facility with regular periodic instalments, over a specified period of time.
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| Term Loan |
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A loan which is repaid through regular periodic payments, usually over a period of time, for example 10 years.
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| Time taken to replace lost card |
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| Turnaround time to obtain a replacement for a lost credit card.
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| Time weighted rate of return |
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| A measure of compound rate of growth in a portfolio.
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| Title |
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| A legal document establishing the rights of ownership on a property.
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| Title |
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A legal document establishing the right of ownership on a property.
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| Trading Account |
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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.
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| Trojan Horse |
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| A programme that appears to be useful or harmless but actually hides malicious or harmful code designed to exploit or damage the system on which it is run.
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| Two-Factor Authentication |
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| A process to verify the identity of a person through validating two credentials provided. The two credentials are typically something a customer knows, i.e. login ID and password, and either something a customer has, e.g. digital certificate and one-time password generated by tokens or provided via short message services or something a customer is, e.g. biometric features such as fingerprint or retinal pattern.
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