A security that represents an ownership interest in a publicly-held company whereby a stockholder is eligible to participate in profit…
The risk that arises from failure or inability to comply with shari’ah rules and principles. Shari’ah non-compliance risk is part…
A murabaha contract between a purchaser and an investment agent (wakil bil istithmar) acting as mudarib or investment agent on…
An exchange or board of trade that is registered with Commodity Futures Trading Commission (CFTC) (in the U.S) and is…
A financial derivative whose payoff depends on the spread between two swap rates of different maturities (e.g., the 10-year swap…
A protected note that provides full capital protection to the holder, but the performances over the cliquet intervals are taken…
An abbreviation for close-to-the-money option; an option contract in which the underlying’s market price is very near to the strike…
A hybrid security that combines features of a general obligation bond and a revenue bond. This bond’s obligation is payable…
The time on an option‘s expiration date after which the option no longer exists. It is at this time that…
A type of convertible debt in which the right to receive principal and/or interest is convertible at the discretion of…
