The lowest amount of money/wealth/savings that, if reached or exceeded, makes zakah (zakat) obligatory. It is not obligatory, that is…

Planned amortization class schedule; a principal payment schedule that is figured out by taking the minimum of the principal paydowns…

A type of guaranty (guarantee or kafalah in Arabic) in which a third-party guarantees all of a trader’s debts, as…

A bond which is payable at par to its holder on demand once the lock-out or deferment period expires. This…

The object of a salam contract which is exchanged for the price (thaman or ras-ul-mal). It is the commodity or…

A bond whereby an investor can cash in a security prior to its maturity date if the issuer becomes subject…

A turbo certificate that aims to bet on price decreases. The participation in the downward movement of the underlying will…

A provision, attached to a puttable bond, which allows the bondholder to put (give back) the bond to the issuer…

Arabic (مبادلة الربح) for profit rate swap. By definition, it is an Islamic swap that entails the exchange of a…

An period of time between the time a callable bond is issued and the time it can be called by…