Arabic (دين صحيح) for debt (dain) that may be discharged or extinguished only by repayment (ada’– أداء) or waiver (ibra’–…

A crossing network (CN) that is established and owned by a consortium- i.e., a number of partners, such as banks,…

An abbreviation for participating convertible preferred stock; a combination of a redeemable preferred stock with common stock. The resulting stock receives…

A corporate stock which is sensitive to the business cycle, i.e., it edges up (down) rapidly as the economy turns…

It stands for floating-rate note; a medium to long-term debt obligation (note) that has its coupon rate linked to some…

A national-level Shari’a board that oversees the Islamic finance industry in its own country, in addition to providing consultation to…

An abbreviation for floating-rate collateralized obligation; a collateralized mortgage obligation (CMO) that pays an adjustable rate of interest that is…

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…