In a conventional context, a current account (or checking account) is a deposit account that has no stated maturity and...
It stands for contingent convertible sukuk; a type of sukuk structure (hybrid securities) in which sukuk certificates give the sukuk...
A murabaha-based, short-term placement operation that involves the the purchase and sale of commodities in the international exchanges. Islamic banks...
In Arabic (شركة العقد)- sharikat al-aqd- a type of sharikah (partnership) that is formed by means of mutual agreement between...
The taking possession of an asset or countervalue by enabling the counterparty to take its delivery and dispose of it,...
A form of waqf (Islamic endowment) in which the assets assigned as endowment are not physical assets such as buildings...
A sale (ba'i) in which the commodity/ item is delivered to the buyer against deferred payment, whether in installments or...
A type of murabaha (cost-plus sale) in which the purchaser pays the agreed amount (price plus market-up, or thaman plus...
A type of murabaha (cost-plus sale) which is established on the basis of mark-up over the actual purchase price incurred...
It stands for cash and cash equivalents; all items that have the nature of cash (naqd) and cash equivalents including...