From the Arabic term “bai al-ikhtiyar“. According to Malikis, it is a sale (ba’i) in which the buyer has the…
Arabic (مرابØØ© عكسية) for reverse murabahah (cost-plus sale). It is an Islamic cash financing mechanism involving situations where one party purchases…
The process whereby a partner gives his share in a piece of real estate to another partner in exchange for…
A type of sukuk whose underlying contract is musharakah, and as such have a relatively stable rate as compared to…
The illegal practice whereby traders attempt to control the price of a financial security or commodity available to trade in…
An abbreviation for collateralized mortgage obligation. A mortgage-backed bond where holding investors are divided into tranches (maturity classes) and principal…
A market situation where holders of short positions attempting to cover their positions fail to find an adequate supply of…
Arabic (صكوك الوكالة) for agency certificates; a type of sukuk (pl. of sakk) in which the underlying contract is wakala.…
In common practice, no up-front fees are paid to enter a swap agreement. However, in the early days of swaps,…
Arabic (وكالة مؤقتة) for temporary wakalah/ temporary agency; a wakalah contract (aqd al-wakalah) that has a time limit on its…
