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Tier-1 Non-Convertible Sukuk

A category of sukuk that belong to the class of tier-1 equity and are not convertible into the underlying (real)...

T1 Non-Convertible Sukuk

A category of sukuk that belong to the class of tier-1 equity and are not convertible into the underlying (real)...

PTE

It stands for pass-through entity; a legal business entity that passes all its income on to the owners or investors...

Pass-Through Entity

A legal business entity that passes all its income on to the owners or investors of the business. The income...

Owners’ Equity

A financial item that reflects the residual interest in the assets of the institution (e.g., an Islamic bank) after deducting...

ICM Instrument

A investment instrument that is based on profit and loss sharing, asset-backed transactions, and risk-sharing contracts, and certain types include...

Islamic Capital Market Instrument

A investment instrument that is based on profit and loss sharing, asset-backed transactions, and risk-sharing contracts, and certain types include...

Promotional Gift

A form of gift (hadiyyah) that is given by an Islamic financial institution (IFI) to certain customers as a means...

Promotional Prize

A type of prize (jaizah) that an Islamic financial institution (IFI) awards to its customers, including quasi-equity (QE) holders (e.g.,...

Tier-2 Equity

A category of equity (of an entity, e.g., an Islamic financial institution, IFI) that represents subordinated claims on an entity's...