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NFR

It stands for non-financial risk; a type of risk that is not financial in nature. It constitutes all types of...

Non-Financial Risk

A type of risk that is not financial in nature. It constitutes all types of risk other than financial risk...

Safe Asset

An asset whose future performance is certain (in terms of a guaranteed return). A safe asset/ riskless asset does not...

Financial Risk

A type of risk that reflects all negative factors/ developments that can lead to financial losses to an entity. It...

RF Asset

It stands for risk-free asset; an asset whose future performance is certain (in terms of a guaranteed return). A risk-free...

Risky Asset Substitution

The process that an insurance firm undertakes to substitute the components of its portfolios with highly risky assets such as...

Risk-Free Asset

An asset whose future performance is certain (in terms of a guaranteed return). A risk-free asset (also, a riskless asset)...

Riskless Asset

An asset whose future performance is certain (in terms of a guaranteed return). A riskless asset does not expose its...

Risky Asset

An asset whose future performance is uncertain (in both directions, upward and downward). A risky asset exposes its holder (investor)...

Dhaman al-Mulkiyyah

Arabic (ضمان الملكية) for ownership risk; it is a central and fundamental concept in Islamic finance (and broadly fiqh al-muamalat)...