Islamic Finance
Aqd al-Musaqa
January 18, 2022
Derivatives
Prime Cap
January 18, 2022

A KIKO option in which the trigger is valid for a partial period of time over the course of its lifespan. This option has a partial barrier: it may be there in an early ending style (where the partial period starts at inception of the trade and ends on a specific date) or in a deferred start style (where it starts anytime after inception and ends on expiration date).

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