With respect to option contracts and other types of derivatives, it refers to the feature allowing the holder (the long)…

The capital that is provided by rab al-mal in a mudarabah contract. Put another way, it is the amount of…

A barrier option which has additional (adjustable) barrier levels. Each time a barrier level is breached, the strike of the…

Another name for mudaraba (mudarabah/ mudharaba/ mudharabah); by definition, it is a partnership (sharakah) in profit whereby one party (rab...

A quanto forward whose underlying is a foreign stock and whereby the holder is allowed to isolate the effect of…

Capital that is contributed at the first stage (pre-incorporation stage) of a venture enterprise, i.e., after the business plan is…

An option on the minimum or maximum of two risky assets where the quantity is adjusted by a multiple of…

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…