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Collateral Pool

In general, it refers to a collateralization technique that enables an entity to make collateral available to a counterparty without...

Double-Entry System

An accounting principle that entails that for each credit/ debit entry made in one account, there is a corresponding entry…

Double-Entry Accounting

An accounting principle that entails that for each credit/ debit entry made in one account, there is a corresponding entry…

Double-Entry Bookkeeping

An accounting principle that entails that for each credit/ debit entry made in one account, there is a corresponding entry…

Syndicated Murabaha Financing Facility

A murabaha-based financing facility whereby funds for the purchase of the asset (commodities, durable assets, etc.) are provided by a…

Set-Off on Demand

A set-off that involves the discharge of two debts at the request of the creditor, or the party who is…

Musharaka Mutanaqisa

A type of musharaka (partnership) that is established on the agreement that one partner will undertake to buy out the…

Pledge

The posting of assets for the purpose of securing the performance of or delivery on, an obligation by one party…

Long-Term Lease

An ijarah in which an asset is leased for a long period of time in a way that ujrah (compensation)…

Kafil

In a contract of kafalah (or kifalah), it is the party who provides assurances as to the performance of an…