In essence, fintech/ FinTech refers to the use of financial technology (such as smart phones and devices for online payment,…

A currency market tool, similar to an option, which is used principally to avail of a move in the underlying…

A shell company that has no liabilities or other claims against it as perceived by an operating business contemplating merging…

An interest rate cap that is paid in a currency different from the one denominating the reference rate. This structure…

A widely held stock that is preferred by typical and institutional investors. It represents businesses with strong earnings growth and…

The amount of of net assets (of an Islamic investment fund) that is attributable to each share/unit at the end…

An interest rate floor that has a forward start date. In other words, the floor comes into effect at some…

Arabic (نهد) for an undertaking or commitment to contributing or donating towards a common purpose or endeavor. Originally, it was…

A class of securities that represents ownership interest in a publicly-held company and entitles a shareholder to vote on specific…

The mudarib’s (mudharib’s) laxity that results in his nonfulfillment of his duties under the contract of mudharaba/ mudaraba (aqd al-mudharaba/…