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…

A third-party warrant that is issued by a company (usually a bank or financial institution) on the stock of another…

A modern application of guaranties that constitutes a guaranty issued by a bank on behalf of a local merchant, securing…

A type of debt-based derivative instrument that provides a much safer investment than asset-backed or mortgaged-backed securities. This bond is secured by the cashflows generated…