An Arabic term (إبراء خاص) that means special discharge. By definition, it is a variant of ibra’ whereby a person…

A type of option which effectively comes into life at a future date and is traded before that date and…

A diagonal calendar spread (or a calendar diagonal spread) which constitutes an option trading strategy based on the selling of…

Arabic (فرض الكفاية) for collective obligation. It is an act that is obligatory only for the community (Islamic ummah) in…

A deferred payment option which permits the holder to freeze or lock-in the underlying price at which it will be…

An agency contract (aqd al-wakalah) that does commence or comes into effect at a preset, tentative, or foreseen future date.…

An option trading strategy (a straddle calendar spread) whereby a near-month straddle is sold at a set strike and a…

Arabic (فرض عين) for individual duty or obligation. It is an act that is compulsory for every competent Muslim (man…

A discrete barrier option which places a barrier cap on its underlying movements. A discrete barrier cap is similar to…

In its literal meaning, fodhooli refers to a person who interferes in matters that are none of his business. Technically,…