In forex markets, it refers to the actual forward rate which is used in an outright forward contract. It is…

A provision in a company’s prospectus that spells out the number of common shares a holder of convertible securities will…

The custodian of an endowment (waqf) who undertakes responsibility for management of its assets and resources as well as its…

A forward swap in which a near-date foreign exchange transaction is settled not on a spot basis two days hence…

A subset of an exchange-traded fund (ETF) that is representative of the shares comprising the fund. ETFs shares are redeemed…

Arabic (نازلة) for a new occurrence that requires a new shari’ah ruling (hukm) or nomination (takyeef). A new occurrence refers…

It stands for exchange-traded option; an option (exchange-traded derivative) that trades on organized and regulated exchanges, as opposed to options…

A public shell company whose shares trade on the Pink Sheets, i.e., it is listed by the National Quotation Bureau…

It stands for exchange of futures for physicals. By definition, it is a transaction that involves simultaneously taking a cash…

A securities offering whereby one or more parties invest in a new business by securing enough funds to start and…