Arabic (ربا مباشر) for direct riba. It constitutes an increment that a lender receives over and above the principal amount…

In general, drawdown (also draw-down) refers to a reduction in the value of an asset/ investment/ account/ fund below its…

A hawala that involves the transfer of the right to claim from one creditor to another. The new creditor replaces…

An interest rate swap in which the fixed rate payment is reset in response to a pre-agreed change in market…

An interest rate swap whereby the notional principal amount (NPA) grows over its time to expiration. Such a swap is…

A form of musharaka sukuk that is structured based on the contract of muqaradah (mudaraba), whereby the capital (ras al-mal) is…

A swap structure which entails the extension or cancelation of the agreement at a specific point in time during the…

The yield on a taxable bond issue after income taxes are paid. It is computed as follows: taxable-equivalent yield =…

An acronym for debt exchange for common stock. It is a convertible security which constitutes a listed structured product issued…

An ijarah contract that ends up with the transfer of ownership of leased properties/ assets from the lessor to the...