A negotiable instrument that is endorsed by a party that does not receive any compensation/reward in return. In other words,…

A form of sale (bay’) which, according to the Hanafi school of thought comes into effect immediately, i.e., it is…

A collateralized mortage obligation (CMO) that is issued by a government agency or a government-sponsored enterprise. Speicifically, the agency or…

The yield on a taxable bond issue after income taxes are paid. It is computed as follows: after-tax yield =…

A financial transaction that involves trading a security that has not yet been issued, but rather is scheduled to be…

The stock of a publicly-traded company whose business concentrates on gold exploration, mining, or production. Gold stocks are a popular…

A type of mortgage that allows borrowers to take out loans against extra capital added into the account. In this…

A crossing network (CN) that receives and directs confidential bids and offers into the pool where all are held until…

A matching model for crossing networks whereby orders are continuously executed whenever there is a matching order in the market.…

A type of dark pools whereby orders are continuously executed whenever there is a matching order in the market. In…