A short form for pink sheet shells (pink sheet shell companies). By definition, a pink is a type of public…

A position in successive Eurodollar (ED) futures contracts. For example, a Eurodollar futures strip may be constructed by taking a…

A technique whereby banks can avoid taking physical delivery of commodities. It is similar to an exchange of futures for…

An investment strategy that involves the buying of shares, commodities, money market instruments or currencies in expectation of a price…

A futures contract whereby one counterparty is under obligation to buy from, or sell to, another counterparty a standardized amount…

A stack hedge that uses Eurodollar futures. The hedger stacks a number of these futures for subsequent periods in one…

A reverse repurchase (RP) agreement by which a mortgage firm sells federally guaranteed mortgage-backed securities (MBSs) to a securities dealer…

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).…