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PoS

It stands for proof of stake; an alternative consensus mechanism to proof of work (PoW) for blockchains. Instead of consuming...

Proof of Stake

An alternative consensus mechanism to proof of work (PoW) for blockchains. Instead of consuming computing power to validate transactions, validators,...

Genesis Block

The first block of a blockchain, i.e., the very first block upon which additional blocks are appended over time subject...

Active Income

A category of income (in addition to portfolio income and passive income) that is generated from job holding or business...

Ta’weedh

In general, ta’weedh (in Arabic تعويض) refers to all types of compensation or remuneration (‘iwadh) charged or paid in relation...

Third-Party Guarantee

Shari'a permits that a third party, other than the mudarib (in mudaraba) or investment agent (in investment agency, wakala) or...

Ta’zir Mali

Arabic (تعزير مالي) for a certain type of punishment that is not set out by shari’a but is rather left...

Sources of Funds in Islamic Banks

An Islamic bank usually has access to a number of "external" sources of funds (to finance its assets and operations),...

Block Height

A metric that is used to identify the number of sequentially added blocks in the blockchain between any given block...

At-Cost Sale

A type of sale (ba'i or bay') in which the price (thaman) is set equal to the original acquisition price...