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ICM Instrument

A investment instrument that is based on profit and loss sharing, asset-backed transactions, and risk-sharing contracts, and certain types include...

Islamic Capital Market Instrument

A investment instrument that is based on profit and loss sharing, asset-backed transactions, and risk-sharing contracts, and certain types include...

Islamic Capital Instrument

A contract or contractual agreement that gives rise to a financial asset (cash, an equity instrument issued by another entity,...

Substance and Form

In accounting, substance of a transaction/ event implies its actual and original nature and economic reality, while form (legal form)...

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.,...

Tier-2 Equity

A category of equity (of an entity, e.g., an Islamic financial institution, IFI) that represents subordinated claims on an entity's...

T1 Equity

It stands for tier-1 equity; a category of equity (of an entity, e.g., an Islamic financial institution, IFI) that represents...

Tier-1 Equity

A category of equity (of an entity, e.g., an Islamic financial institution, IFI) that represents subordinated claims on an entity's...

Contingency Endowment

A type of waqf (endowment) in which the yield (ghallah) is held in reserve so that it can be used...