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Haqq al-Shufa’ah

A contingent right (haqq) that comes into effect properties when are offered for sale. Specifically, it refers to the right…

Flavored Currency Swap

Unlike a plain vanilla currency swap, a flavored currency swap is a more complicated structure that eases up specific standard…

Ijara Sukuk

Ijara sukuk (singular: ijara sakk) are certificates of equal value which are issued by the owner of an existing property…

Fixed-to-Floating Commodity Swap

A commodity swap in which one party makes a series of fixed payments and receives floating payments tied to a…

Islamic Monetization

Originally known in Arabic as tawarruq, it is a transaction whereby a person buys an asset/commodity from a seller on…

FLCDS

It stands for first-loss credit default swap; a credit default swap (CDS) that protects its buyer (the long) from losses…

Forward Commencement Swap

A swap which initiates at a forward start date. The fixed rate of the swap is agreed upon at the…

Islamic Accounting

The accounting process which aims to provide appropriate information, not necessarily limited to financial data, to the stakeholders of a…

Equity-Based Crowdfunding

A crowdfunding which involves investing in an early-stage unlisted company in return for equity, i.e., shares in that company. Investors-cum-shareholders…

Ijara Thumma Bay

An agreement that incorporates the sale of the leased asset (in an ijara contract) at the end of the lease…