A calendar spread which involves buying a call option with a set strike price and buying a longer-maturity call with…
An accrual note (accumulation note) in which the initial price is below par, while it has a zero-coupon or very…
A structured swap in which the swap counterparty agrees to adjust the notional principal amount in a fashion that matches…
A convertible that comes with no annual coupon, but rather it is issued at a deep discount to par. In…
A method that is used to calculate the value of an at-the-money call option (under the assumption of zero interest…
An option that can be exercised at any time before, and including, expiration date. This type of options provides investors…
An exotic put option where its payoff is determined by one of two values: zero (if the average market price…
The lowest amount of money/wealth/savings that, if reached or exceeded, makes zakah (zakat) obligatory. It is not obligatory, that is…
In the context of companies and businesses, it is the excess of zakatable assets over short-term liabilities. Zakatable assets are…
An Arabic word that carries the meaning of pretext, ploy, ruse, alleged reason, means, and so on. In Arabic script,…