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Talaqqi al-Rukban

An illegal practice (particularly an exploitative commercial arbitrage) in which a city dweller purchases goods from a Bedouin (desert dweller)...

Fiat Currency

A currency that has no intrinsic value but is issued on the creditworthiness of a government, but without direct connection...

Treasury Murabaha

The application of murabaha contract in managing a treasury's liquidity requirements and/ or investing its short-term surplus funds. It involves...

Difference Between Position and Exposure

Position Position refers to the amount of (or amount of exposure to) of a security, commodity, investment, or currency that...

Digital Asset

Any source of value or wealth that exists only in digital form and comes with a distinct right to use...

Tafarruq al-Safaqah

Variations in the rules of a transaction (safaqah) that result from the participation of multiple buyers or sellers or the...

Difference Between Intercompany and Intracompany Transactions

Intercompany transactions An intercompany transaction is a transaction that takes place when two entities belonging to the same legal parent...

Intercompany Transaction

A transaction that takes place when two entities belonging to the same legal parent engage in certain activities with each...

Importance and Benefits of Intercompany Accounting

Concept of intercompany accounting Intercompany accounting is defined as the processing and accounting for a corporate group’s internal financial activities...

ICA

An acronym for intercompany accounting; the processing and accounting for a corporate group’s internal financial activities and events that impact...