Filter by Categories
Accounting
Banking

Profit Rate Swap

An Islamic swap that entails the exchange of a floating profit rate for a fixed profit rate, or vice versa....

Pass Through Investment

Under wakalah bil-istithmar (investment agency), it is an investment subject to restriction as to its transferability and the involvement of...

Pebble Sale

A type of sale (bay’), prevalent in pre-Islamic times, in which the object of sale was determined as the one...

Product Wad

A type of wad (promise) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...

Product Khiyar

A type of khiyar (option) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...

Product Wa’ad

A type of wa'ad (promise) that constitutes, by nature and structure, a full-fledged Islamic finance arrangement which is used as...

Parallel Istisna’a

An istisna'a contract in which the buyer (manufacture orderer, or almustasni') doesn't set a condition in the contract obliging the...

Profit Rate Risk

With respect to unrestricted investment account (URIA) holders, it is the risk facing an Islamic bank or financial institution (IFI) when URIA holders may withdraw...

PFX-i

A financial instrument (promissory FX) that contains an unconditional promise by one party to enter into a foreign exchange transaction...