A pledged asset/ collateral (rahn) in which the posted asset, in association with a credit transaction, can be provided by...

A market in which insurance companies limit the supply of insurance and increase prices, leading to high levels of profitability....

A market that is characterized by high levels of competition among insurance firms, decreasing prices, and declining underwriting standards as...

In contract law, it is an agreement to an offer. Both offer and acceptance are essential for contract formation. For...

A life insurance policy option under which accrued dividends may be used to mature the policy as endowment insurance. This...

It stands for forward rate agreement which is an over-the-counter agreement to apply a certain interest rate to either lending...

A type of insurance policy under which the insured receives a certain percent of the death benefit (usually 25%) on...

Arabic (فرض العين) for individual duty or obligation. It is an act that is compulsory for every competent Muslim (man...

A life insurance policy provision which allows the policyholder to apply the accumulated cash value, as a single premium payment,...

In the context of options, in the money refers to the state where the current market price of a given...