A type of sale (ba’i) in which the object of sale is not available at the contracting session (majlis al-aqd)…

A long-term debt security which has an embedded option to extend its maturity beyond the original maturity date. The bond…

The value of an option at expiration date, i.e., the value which is received by a holder from exercising an…

An incentive plan which aims to motivate employees by conferring on the best performers the right to purchase the company’s…

An option trading strategy that is executed by selling a number of out of the money call options exceeding the…

Originally known as eina in Arabic, it is a transaction whereby a person buys an asset/ commodity from a seller…

An option-related strategy that is based on the replacement of a position by closing out one option at a given…

Mudarabah is a form of sharakah (partnership) in profit (ribh) whereby one party (rab al-mal) provides capital and the other…

Arabic (ناظر الوقف) for the manager of waqf (Islamic endowment); the custodian of an endowment (waqf) who undertakes responsibility for…

From a shari’a perspective, it is permissible to leave a pledged asset, with respect to a credit transaction, in the…