In Islamic finance, it is a contract (of bay’) whereby a supplier agrees to deliver a specific commodity/item to a…

A date close to the coupon date. After the ex-dividend date, the bond is traded “ex-dividend“, and the seller not…

A type of bay’ al-gharar in which the object of sale or the price (thaman) is unknown, or in the…

An absolute return barrier note (ARBN) which is generally “continously callable”- i.e., with continuous call dates. This allows the note…

According to Malikis, it is a sale (ba’i) in which the buyer has the option to choose one from among…

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

A type of sale (ba’i) in which a lender sells a commodity to a borrower for more than its market…

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…