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Islamic ELN

A structured product/ instrument that is modeled on a conventional equity-linked note(ELN). The conventional one provides investors with a fixed…

Arboun

Arabic (عربون) for down payment, "partial" payment in advance, or security deposit. The payment/ deposit is intended to secure a...

Ba’i al-‘Arboun

A type of sale (ba'i) which is effected using down payment or advance money (arboun- عربون) with the condition that...

Bay’ al-‘Arboun

A type of sale (bay') which is effected using down payment or advance money (arboun- عربون) with the condition that...

Earnest Money

It is urboun or arbun in Arabic. By definition, it the amount of money which is paid by a potential...

Nonrefundable Deposit

The amount of money that is paid by a potential buyer to the seller at the time of contract (aqd...

Islamic Put Option

A shar'iah-compliant equivalent to conventional put option. The put option gives the holder the right, without the obligation, to sell an...

Islamic Call

A shar'iah-compliant equivalent to conventional call option. The call option gives the holder the right, without the obligation, to buy...

Hamish Aljiddiyyah

The amount of money which is paid to the seller in a murabaha transaction upon the request of the purchase...

Islamic Option Contract

An Islamic finance alternative to option contracts (conventional options). By definition, it is a shari'ah compliant form of contract which...