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Omnibus Account

An account that is carried by a futures commission merchant (FCM) to aggregate the transactions of two or more individual...

Sweep Account

An account whereby a brokerage firm may automatically transfer- or sweep- a client's surplus funds (unused cash) into a specific...

Segregated Account

An account that is maintained by brokers to hold their customers' funds separate from the funds of the brokerage firm....

Drawing Account

A temporary contra equity account with a "debit balance" that decreases the typical "credit balance" of an owners' equity capital...

DDA

It stands for demand deposit account; a type of bank account that allows its holder to withdraw money from it...

Unnamed Contract

A class of contracts to which shari’a neither assigned specific names nor handled in details their respective rules and stipulations....

Unrestricted Investment Account

An Islamic investment account that is subject to no restrictions as to the purpose, geographical distribution or way of investing...

RIA

It stands for restricted investment account; an Islamic investment account which is subject to certain restrictions imposed by the account...

Restricted Investment Account

An Islamic investment account which is subject to certain restrictions imposed by the account holder with respect to the purpose,...

Exceptions

The differences between the ledger balances of a bank and those of a correspondent bank. Exceptions arise from respondent- correspondent...