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Par-Value Sale

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

Perpetual Tier 1 Mudaraba Sukuk

A sukuk issue (mudaraba sukuk) that has mudaraba (contract, arrangement, etc.) as underlying and does not mature and hence sukuk...

Perpetual Mudaraba Sukuk

A sukuk issue (mudaraba sukuk) that has mudaraba (contract, arrangement, etc.) as underlying and does not mature and hence sukuk...

PTE

It stands for pass-through entity; a legal business entity that passes all its income on to the owners or investors...

Pass-Through Entity

A legal business entity that passes all its income on to the owners or investors of the business. The income...

Promotional Gift

A form of gift (hadiyyah) that is given by an Islamic financial institution (IFI) to certain customers as a means...

Promotional Prize

A type of prize (jaizah) that an Islamic financial institution (IFI) awards to its customers, including quasi-equity (QE) holders (e.g.,...

Participatory Investment Instrument

An instrument (or an account) that is held by an investor/ investment accountholder (e.g., depositor of funds) under a profit...

Participatory Structure

A type of contractual arrangement entailing that the parties share profits/ losses and/ or residual interest in the net assets...

Participation

It is a form of musharaka in which the Islamic bank or financial institution owns shares or units representing an…