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Participation

It is a form of musharaka in which the Islamic bank or financial institution owns shares or units representing an…

Participation Sukuk

A type of musharaka sukuk that represent certificates of equal value (sukuk) issued for the purpose of investing the funds…

IPU

An abbreviation for index participation unit; an index-linked product that constitutes an interest in a basket of securities. It is...

Cash-Settled Index Participation Unit

An index participation unit which constitutes a basket product whose components are not supported by physical securities. That means this...

Capped Protected Bull Note

A protected bull note whose performance is capped (i.e., subject to a cap) at a maximum value irrespective of the...

Protected Bull Note

A bull note whose principal is protected (by the so-called principal protection feature), as opposed to an unprotected bull note....

Partially-Protected Equity-Linked Note

An equity-linked note (ELN) that allows the investor a full participation on the upside, while its protection on the downside...

PN

It stands for participatory note; a note that is used by investors to gain exposure (participation in the upside) to...

P-Note

It stands for participatory note; a note that is used by investors to gain exposure (participation in the upside) to...

Participatory Note

A note that is used by investors to gain exposure (participation in the upside) to an equity investment, such as...