An option that gives its holder the right, without the obligation, to enter into a forward swap at a given maturity/expiration…

A type of musharaka sukuk that represent certificates of equal value (sukuk) issued for the purpose of investing the funds…

A limit on speculative positions in options on futures contracts. The futures-equivalent of an option position is the number of…

Flexible options, or FLEX options, that are offered on equities and equity indices with nonstandard terms. Such nonstandard terms usually…

A charge that an Islamic bank makes against earnings. In other words, it is a contra-asset that is created by…

It stands for “forward implied volatility“. The future levels of volatility calculated taking into account current market prices of options.…

A contract (aqd) which exists by itself and is not subordinate or auxiliary to another contract (i.e., an accessory contract).…

An option contract that has an earlier expiration date than a contract that is presently being devised or considered. For…

An undertaking (binding promise– wa’ad mulzim) by either the issuer of sukuk or the manager of sukuk-financed project/assets to repurchase…

A structured forward contract which gives the holder the right, without the obligation, to buy or sell forward at maturity…