Arabic (عقد المعاوضة) for compensatory contract (commutative contract) whereby one party receives compensation/ consideration (iwadh) from another party in return…

A preferred stock that has no redemption date. In other words, this fixed-rate equity instrument allows the holder no participation…

A unilateral promise or undertaking which is associated with a financial transaction. ‘Ahd is a promise from one party (promisor)…

A firm that has only one business line or product, and its value (or value of its stocks) solely depends…

In the context of Islamic financial accounting, an asset is recognized in the balance sheet (statement of financial position) when…

A warrant that a company writes on its own common stock, giving the buyer/holder the right to sell the company’s…

From a shari’a perspective, it is permissible to leave a pledged asset/collateral, with respect to a credit transaction, in the…

A class of common stock (specifically known as classified stock) that enjoys more voting rights than class “B” shares. The…

A type of dividend (profit distribution) whereby a company distributes physical goods to its shareholders, instead of cash or securities.…

A transaction that depends on occurrence of an uncertain event (s). The condition of occurrence is agreed on by the…