Another designation for mudarabah (mudarabah/ mudharaba/ mudharabah); by definition, it is a partnership (sharakah) in profit whereby one party (rab…

A type of guaranty (guarantee, or kafalah in Arabic) in which a third-party guarantees all of a trader’s debts, as…

All options of the same type (calls or puts) that trade on a given asset with specific expiration dates and…

A security that is linked to any index, such as a price index, a basket of currencies or assets, or…

A put ratio backspread which involves selling higher strike put options and buying a bigger number of lower strike puts…

A mechanism which is developed to automate the end-to-end processing of transacting in financial instruments, replacing the conventional T+3 trading…

The interest that is calculated only on the principal amount or on a portion of the principal that is still…

A debt that takes priority over other classes of debt such as unsecured or “junior” debt owed by the issuer.…

Also istisna’a in Arabic. It is a special kind of the contract of sale (bai’) in which the underlying commodity…

A real-time promotion which is initiated on the request of the client/customer. Such a promotion, in some jurisdictions like the…