Hawalah (also spelled hawala) is the assignment/ transfer of debt from one party (the assignor/ transferor or in Arabic al-muheel)...
Sukuk are typically structured based on some shari'ah-permissible contract (named and unnamed contracts) or a combination of shari'ah-compatible contracts. Underlying...
Muwa’adah refers to bilateral promising or exchanging promises in relation to contractual acts or intents. In other words, it constitutes...
The terms "venture capital" and "private equity" are often interchanged and confused, though they are as different as apple and...
Literally, riba means “increase”, “extra”, “addition”, “accretion”, or “growth”. It also implies anything more in measure, amount, quantity, etc, as...
Arabic (البيع على البيع) for sale (bay) over another sale (bay) transaction. It involves an attempt by a third party...
In essence, istisna'a is a debt financing instrument that, like salam, involves the sale of an object (al-masnoo') for future...
A standard power option has a nonlinear payoff at maturity. The payoff of a call (power call option) is: Power...
A hedge ratio that is constructed when interest rate futures contracts are used to hedge positions in an interest-dependent asset...
Mudaraba, in general, can be classified based on the number of involved parties as a first-tier mudaraba (simple mudaraba) and...