A provision, attached to a puttable bond, which allows the bondholder to put (give back) the bond to the issuer…
Arabic (مبادلة الربØ) for profit rate swap. By definition, it is an Islamic swap that entails the exchange of a…
An period of time between the time a callable bond is issued and the time it can be called by…
In Islamic finance, it is a contract (of bay’) whereby a supplier agrees to deliver a specific commodity/item to a…
A date close to the coupon date. After the ex-dividend date, the bond is traded “ex-dividend“, and the seller not…
A type of bay’ al-gharar in which the object of sale or the price (thaman) is unknown, or in the…
An absolute return barrier note (ARBN) which is generally “continously callable”- i.e., with continuous call dates. This allows the note…
According to Malikis, it is a sale (ba’i) in which the buyer has the option to choose one from among…
A negotiable instrument that is endorsed by a party that does not receive any compensation/reward in return. In other words,…
A type of sale (ba’i) in which a lender sells a commodity to a borrower for more than its market…
