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37 Results for Tag: islamic

Hawala

DefinitionHawala or hewala, also known as hundi or—in Somali, xawala or xawilaad—is a popular and informal value transfer system based not on the movement of cash, or on telegraph or com

Investment Banks

DefinitionAn investment bank is typically a private company that provides various finance-related and other services to individuals, corporations, and governments such as raising financial c

Off-Premise Banking

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 tellers. Off-premise banking

Odd-Days Interest

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 period. In most cases, t

Oil Stabilization Fund (Iran)

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 Oil Sta

Manufactured 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 securities. Manufactured payments

Safekeeping

Safekeeping What is 'Safekeeping' Safekeeping is the storage of assets or other items of value in a protected area. Individuals may use self-directed methods of safekeeping or the servic

Safekeeping Certificate

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 ag

Paper Profit (Paper Loss)

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 price of a security to th

Handle

Handle What is a 'Handle' A handle is the whole number part of a price quote. In a quote the handle could be $56, while the price quote for stock might be $56.25. The quote's handle elimin
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