The Prophet (peace and blessings of Allaah be upon him) said: âThe time for âAsr lasts until the sun turns yellow.â. We know that the time for âAsr begins when the time for Zuhr ends, i.e., when the length of an objectâs shadow becomes equal to the length of the object itself. There are two times for the end of âAsr.
Annum is the Latin word for year. Per annum means: By the year; annually; yearly. This term is mostly used in banking in reference to a sum of money paid or received.For example, $100 at5% interest per annum is $100 (1 + .05) = $105.nswer added by: Rehan Qureshi Chief Financial Officer (CFO) 1 year ago. Per annum means yearly or annually. For example, if a business charges its customers1.5% per month on any unpaid balance, the per annum rate is18%. The per annum rate was the result of1.5% X12 months in a year.
The Fully Amortizing Payment: The monthly mortgage payment that will pay off the loan at term is called the fully amortizing payment. On an FRM, the fully amortizing payment is calculated at the outset and does not change over the life of the loan. For example, on a FRM for $100,000 at 6% for 30 years, the fully amortizing payment is $599.56. If the borrower makes that payment every month, the balance will be extinguished with the 360th payment.