Extra-legal devices or ruses/tricks that are used by late Muslim jurists to circumvent the rulings of shari’a (ahkam) in achieving…

A long albatross that solely involves positions in call options and is typically used when an investor harbors a neutral sentiment.…

A restructuring mechanism for sukuk in case of losing or distressed issuers or originators. A haircut involves agreement by sukuk…

An extension to a bear put spread. It is a highly risky option trading strategy which suits expectations of low…

LIBOR (London Interbank Offered Rate) is an interbank rate used as a benchmark or reference rate for short-term interest rates....

A commodity option that gives the holder the right either to buy (call) or sell (put) the underlying asset, but...

Arabic (دين مؤجل) for debt (dayn) that need not be repaid before it falls due (i.e., on its maturity date). However,...

It stands for gas-at-the-pump futures. It is a futures contract in which the underlying is the retail price of gasoline....

The floating price that is paid on a fixed-for-floating or floating-for-floating swap or a floating-price cash market transaction. The floating...

In Arabic wadi'ah yad dhamanah; a wadi’ah (deposit) in which the depositee (wade’e) is responsible to return its subject matter...