A zero coupon swap (ZCS) in which the zero coupon leg has the right, without the obligation, to call off…

The object of a murabaha sale or transaction for which the murabaha buyer pays the murabaha seller cost-plus, i.e., the…

A floater that provides capital guarantee to the holder (it is a capital guaranteed product). It pays a yearly, semi-annually…

A contract of guaranty in which some party becomes a guarantor (kafeel or dhamen) if certain conditions are met. In…

The up-front price a call option buyer (long) pays to a call option seller (short) against the right to exercise…

A floating-rate note (FRN or floater) in which coupons are reset quarterly or semi-annually to the coupon on the newly…

A contract of guaranty which is used to secure commercial transactions. In Islamic jurisprudence, there is a host of shari’a-compatible…

A convertible bond in which the conversion price is not predetermined but is kept floating. This bond converts into the…

A capped-style option in which a cap interval is subtracted from its strike price in order to establish a modified…

A type of sinking fund bonds (sinkable bonds or sinkers) in which an equal percentage of bonds are redeemed from…