Islamic Finance
Restricted Agency
February 17, 2023
Islamic Finance
Rukhsah
February 17, 2023

An exchange-traded stock option with non-standard features in terms of the strike price, maturity, or exercise style (American-style, European-style, etc). Furthermore, this option is subject to no position limit. More specifically, equity FLEX options allow users to customize contract terms and expand position limits for exchange listed equity options and index options.

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