An approach for performing audits (both financial and Shari’ah) with a specific focus on associated risks and risk-related areas that…
Arabic (رخصة) for a dispensation or permission or exemption as given by shari’a to Muslims in specific circumstances (e.g., illness,…
An exchange-traded stock option with non-standard features in terms of the strike price, maturity, or exercise style (American-style, European-style, etc).…
An agency contract (aqd al-wakalah) in which the principal (muwakkel) restricts the acts or discretion of the agent (wakil). For…
A financial contract (specifically an electricity derivative) which allows the holder to pay a fixed price for underlying electricity irrespective…
The fifty large-capitalization stocks with outstanding growth record and prospects such as IBM, Kodak, McDonald’s, Disney, Xerox, DuPont, General Electric,…
Arabic (Ø±Ø¨Ø Ø§Ù„Ù…Ø«Ù„) for matching rate of profit or prevalent rate of profit or benchmark/reference profit rate. It refers to…
A position in successive Eurodollar (ED) futures contracts. For example, a Eurostrip may be constructed by taking a long position…
A form of waqf (Islamic endowment) whose assets are intended for investment (i.e., generating income). The income generated from managing…
The fifty large-capitalization stocks with outstanding growth record and prospects such as IBM, Kodak, McDonald’s, Disney, Xerox, DuPont, General Electric,…
