It stands for put-call-futures parity; the relationship between the prices of calls (call options), puts (put options), and futures (futures…
A murabaha transaction that involves an Islamic bank or financial institution purchasing shares through a client as agent and reselling…
Arabic (Ù…Øاباة) for deference in a transaction. More specifically, it means a favor extended in an exchange-based transaction, either by…
The lowest amount of money/wealth/savings that, if reached or exceeded, makes zakah (zakat) obligatory. It is not obligatory, that is…
Planned amortization class schedule; a principal payment schedule that is figured out by taking the minimum of the principal paydowns…
A type of guaranty (guarantee or kafalah in Arabic) in which a third-party guarantees all of a trader’s debts, as…
A bond which is payable at par to its holder on demand once the lock-out or deferment period expires. This…
The object of a salam contract which is exchanged for the price (thaman or ras-ul-mal). It is the commodity or…
A bond whereby an investor can cash in a security prior to its maturity date if the issuer becomes subject…
A turbo certificate that aims to bet on price decreases. The participation in the downward movement of the underlying will…
