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Currency Pair

The two currencies that are involved in a FOREX transaction: a base currency and a quote currency. The first currency...

Cross Rate

An exchange rate for any pair of currencies other than the official currency of the country where the quoted rate...

SPOT

It stands for single payment options trading. A type of currency options trading in which an investor can choose whether...

Carry Trade

A currency trading/ speculation strategy that involves borrowing in low-interest currencies (low-yielding currencies) in order to invest in high-interest currencies...

Bay’ al-Sarf

A sale (bay) contract that involves the exchange of a monetary item (gold, silver, currency) for another monetary item, or...

Bay’ al-Athman

A sale (bay) contract that involves the exchange of a monetary item (gold, silver, currency) for another monetary item, or...

Ba’i al-Athman

A sale (ba'i) contract that involves the exchange of a monetary item (gold, silver, currency) for another monetary item, or...

Ba’i al-Sarf

A sale (ba'i) contract that involves the exchange of a monetary item (gold, silver, currency) for another monetary item. In...

Currency Trading

Under shari’a, it is permissible to trade in foreign exchange provided that both countervalues (badalain, pl. of badal) are exchanged...