It stands for gas-at-the-pump futures. It is a futures contract in which the underlying is the retail price of gasoline.…

A type of sale in which some trees in an orchard are donated by the owner to the needy in…

The longer-date option in an option spread. That is, the part of an option spread (such as a calendar spread)…

A barrier option that aims to prevent a knock out. Pricing of such an option depends on the amount of…

An abbreviation for accepted bill-i or Islamic accepted bill; a bill of exchange which is drawn on or by a...

The exercise of an American-type option or other security prior to its maturity date. An option holder may choose to...

A clause in a contract, agreement or contractual obligation, such as a swap, whereby it is allowable to terminate the…

A contract of sale (ba’i) that is embedded with an option (khiyar), granting either party the right to rescind the…

An acronym for asset-backed credit default swap. It is a credit default swap on a mortgage-backed security or an asset-backed…

A type of sale (ba’i) in which grains in ears are sold for dry (processed) grain. For example, this sale…