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Accounting
Banking

Ex Capitalization

It refers to shares bought in a private company that do not entitle their holders to current scrip issues. In…

Maqassa on Demand

A maqassa that involves the discharge of two debts at the request of the creditor, or the party who is…

Election Warrant

A warrant whose ultimate payoff or redemption value is likely to be determined based on the results of an election.…

Muqaradah Sukuk

A form of musharaka sukuk that is structured based on the contract of muqaradah (mudaraba), whereby the capital (ras al-mal) is…

Exchangeable Variable Rate Note

A variable rate note (floating rate note) that pays a floating coupon after a predetermined date; before this date the…

Foreign Shell Corporation

A shell corporation that conducts business transactions such as currency and asset transfers across the borders of its country of…

Allotment

The amount of initial public offering (IPO) securities that is allocated to each underwriter (if two underwriters or more are…

Cash-and-Carry Shell Corporation

A shell corporation that is offered for sale in return for cash. Usually, this is the case when the owners…

Auction

A market system in which buyers bid against each other to reach the selling price of the security or instrument…

Capped European-Style Call

A type of barrier options which is associated with a strike price and a cap barrier above the strike price.…