Islamic Finance – Page 15

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Onerous Commitment

A commitment (on an entity- e.g., an Islamic bank) in which the unavoidable costs of meeting the obligations under the...

Agent’s Remuneration

In Arabic ajr al-wakeel/ ajr al-wakil (أجر الوكيل). In wakalah/ wakala (agency), and its forms, it is the total amount...

Sukuk al-Wakalah Bil Istithmar

Arabic (صكوك الوكالة بالاستثمار) for agency certificates; a type of sukuk (pl. of sakk) in which the underlying contract is...

Wakala Sukuk

Arabic (صكوك الوكالة) for agency certificates; a type of sukuk (pl. of sakk) in which the underlying contract is wakala.…

Wakalah Muaqatah

Arabic (وكالة مؤقتة) for temporary wakalah/ temporary agency; a wakalah contract (aqd al-wakalah) that has a time limit on its…

Ajr al-Wakalah

An Arabic term (أجر الوكالة) that translates as agent's remuneration. In wakalah/ wakala (agency), and its forms, it is the...

Ajr al-Wakeel

An Arabic term (أجر الوكيل) that translates as agent's remuneration. In wakalah/ wakala (agency), and its forms, it is the...

EIR

It stands for equity investment risk; a type of risk that is associated with an Islamic financial institution's equity investments...

Equity Investment Risk

A type of risk that is associated with an Islamic financial institution's equity investments (investments in equity) such as stock...

Ma’adoom

Literally, it refers to anything that is missing, unavailable, or nonexistent. Technically, it is used in conjunction with a contract…