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Islamic Currency Option

An Islamic finance treasury arrangement that an Islamic bank and a counterparty enter into for the purpose of foreign exchange...

Islamic Option

An Islamic finance alternative to option contracts (conventional options). By definition, it is a shari'ah compliant form of contract which...

Itihad Majlis al-Aqd

Arabic (اتحاد مجلس العقد) for unity of time and place of a contracting session (majlis al-aqd). That implies that both...

Arkan al-Aqd

Arabic (أركان العقد) for pillars/ elements/ cornerstones of a contract (aqd- عقد). The primary arkan (sing. rukn) of a contract...

Majlis al-Aqd

Arabic (مجلس العقد) for contracting session or contract assembly or meeting or place. It is anywhere two parties or more...

Tasneed

The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...

Mudarabah Muqayyadah

An Arabic term that denotes restricted mudarabah; a mudarabah contract that is used in conjunction with restricted investment accounts (RIAs),...

Mudaraba Mutlaqa

An Arabic term that denotes unrestricted mudaraba; a mudaraba contract which is related to investment accounts in which the account...

Tasnid

The process of issuing certificates that represent debts and loans (generally any type of obligations). The issued certificates (or securities)...

Tahawwut

A hedging process/ mechanism that is used or offered by Islamic banks and financial institutions to help mitigate a specific...