A bond that pays a small interest rate over its life, but requires a large payment of principal at maturity.…

Arabic (إقالة العقد) for the revocation of a contract (aqd) (which is, nevertheless, a valid contract) by mutual agreement of...

Arabic (مجلس العقد) for contracting session or contract assembly or meeting or place. It is anywhere two parties or more…

Shari’a takes center stage of Islam, as a religion, as it defines the route Muslims have to follow in matters...

Literally, it refers to anything that is missing, unavailable, or nonexistent. Technically, it is used in conjunction with a contract…

Re-establishing an original position taken by an option buyer, undoing whereby a previously made conversion or reversal of an option…

A barrier floor whereby protection exists or activates only if the floating interest rate crosses the barrier (the pre-defined knock-in…

A barrier cap whereby protection ceases to exist or deactivates only if the floating interest rate crosses the barrier on…

An option on a cap. In other words, an interest rate caption is an option to buy or sell an…

A swap agreement made between a municipality (a city or town local council) and a financial intermediary, in which the…