Islamic Finance

Rokhsah

May 15, 2023
Islamic Finance

Receivables Partnership

May 15, 2023

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An uncapped capital protection product that replicates the payoff of a call option. It offers uncapped capital protection. It means the product provides great downside protection but has a lesser upside participation than an otherwise similar equity index product. The holder can get a portion (less than 100%) of the profits generated by the underlying.

It is known for short as UC.

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