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Banking

Notional Principal Contract

Derivative contracts/ arrangements such as swaps, options, caps, floors, forward rate agreements (FRA), futures, or any similar instrument. The value...

Insurance Contract

A contract under which an insurance provider (the issuer/ insurance company) accepts significant insurance risks from, and to the benefit...

Bill of Exchange

A type of commercial paper that constitutes a certificate issued by a drawer to another person (the drawee) with the...

Aks al-Tawarruq

Arabic (عكس التورق) for reverse monetization (reverse tawarruq); a form of tawarruq in which the mustawriq/mutawarriq (monetizer) is a financial...

Accessory Contract

A contract (aqd) which is incidental or auxiliary to another contract (usually a principal contract). Accessory contracts are mainly used...