A type of guaranty (kafalah) that involves the credit enhancement of a liability. According to the Hanbali and Shafi’e schools…
An interest rate cap in which there is, contrary to a regular cap (vanilla cap), no direct dependency between the…
An Arabized term that refers to the improvements a tenant (lessee) makes to a shop or plant from his own…
An option in which a predetermined exchange rate is applied to convert the final settlement value of the option into…
Literally, khulu is Arabic for vacancy or emptiness (as in a vacant or empty place). Technically, khulu is usually associated…
It stands for gas-at-the-pump futures. It is a futures contract in which the underlying is the retail price of gasoline.…
An Islamic finance treasury arrangement that an Islamic bank and a counterparty enter into for the purpose of foreign exchange…
An option trading strategy which is established by selling/ buying in-the-money calls and puts. All the options involved have the…
An optional provision in a credit default swap agreement which allows a grace period to a potential credit event in order…
A common option cycle which constitutes a series of option contracts that have the same terms and features and expire…
