An istisna’a contract (استصناع) that combines two separate or stand-alone istisna’a contracts , the first of which is concluded between...

Sukuk which are issued in an internationally accepted currency such as US dollar or euro. An example is an issue...

A shari'a-compliant adaptation of the conventional cross-currency swap. This structure applies the mode of tawarruq (Islamic monetization or tripartite resale)....

A shar'iah-compliant equivalent to conventional put option. The put option gives the holder the right, without the obligation, to sell an...

A general shari'a maxim (قاعدة شرعية) that all commercial and financial activities are originally permissible by the primary sources of...

Also known as operating ijarah (In Arabic إجارة تشغيلية); by definition it is an ijarah contract that doesn't end up...

A shar'iah-compliant equivalent to conventional call option. The call option gives the holder the right, without the obligation, to buy...

A shari'ah-compliant equivalent (salam/ ba'i al-salam/ bay' al-salam) to conventional forward contract. It constitutes a sale (ba'i/ bay') whereby a...

It stands for islamic commercial paper; a commercial paper (CP) is a tradable certificate representing pecuniary rights whereby the issuer...

A commercial paper (CP) is a tradable certificate representing pecuniary rights whereby the issuer is under obligation to pay at...