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Unrestricted Investment Account

An Islamic investment account that is subject to no restrictions as to the purpose, geographical distribution or way of investing...

Profit Equalization Reserve

A reserve that is created by an Islamic bank by appropriating a specific amount out of the mudaraba income, before...

Islamic Finance Window

An entity that operates as part of another entity (a conventional financial institution such as a bank) solely for provision...

Window

An entity that operates as part of another entity (a conventional financial institution such as a bank) solely for provision...

Islamic Window

An entity that operates as part of another entity (a conventional financial institution such as a bank) solely for provision...

CCE

It stands for cash and cash equivalents; all items that have the nature of cash (naqd) and cash equivalents including...

Cash and Cash Equivalents

All items that have the nature of cash (naqd) and cash equivalents including deposits with banks (demand deposits), both in...

HC

It stands for historical cost; in the conventions of Islamic accounting, the historical cost of an asset is its fair...

Historical Cost

In the conventions of Islamic accounting, the historical cost of an asset is its fair value at the date of...

Ghallat al-Waqf

Arabic for yield (ghallah) of an Islamic endowment (waqf); it represents the the net surplus from the waqf's financial activities...