Tag: islamic
Hawala
What is hawala
Hawala is an informal value transfer system that is often used in countries where formal banking systems are not well developed. Under...
Investment Banks
There are few careers as lucrative and prestigious as investment banking. But what exactly is investment banking, and how do you go about getting...
Off-Premise Banking
What is 'Off-Premise Banking' Any bank location other than its main location that provides banking services of any kind that don't require...
Oil Stabilization Fund (Iran)
What is 'Oil Stabilization Fund (Iran)' A government-controlled sovereign wealth fund managed for the government of Iran. The funds deposited with the...
Odd-Days Interest
What is 'Odd-Days Interest' Interest that is earned from a mortgage or other loan with closed-end installments that contain a nonstandard payment...
Manufactured Payment
What is 'Manufactured Payment' A payment made to pass through dividend and interest payments from the borrower to the lender of those...
Safekeeping
What is 'Safekeeping' Safekeeping is the storage of assets or other items of value in a protected area. Individuals may...
Safekeeping Certificate
What is 'Safekeeping Certificate' A document that represents ownership of a security or certificate of deposit. Safekeeping certificates are the investor's claim...
Paper Profit (Paper Loss)
What is 'Paper Profit (Paper Loss)' Unrealized capital gain (or capital loss) in an investment. It is calculated by comparing the market...
Handle
What is a 'Handle' A handle is the whole number part of a price quote. In a quote the handle could be...