Tag: islamic
Value Proposition
DefinitionA value proposition is a promise of value to be delivered, communicated, and acknowledged. It is also a belief from the customer about how...
Savings Account
DefinitionA savings account is a deposit account held at a retail bank that pays interest but cannot be used directly as money in the...
Family Of Funds
What is 'Family Of Funds' A group of mutual funds offered by one investment or fund company. Generally, the constituent funds cover...
Warm Card
What is 'Warm Card' A type of ATM card that allows the bearer restricted access to a business account. Most frequently, the...
Tap Issue
What is a 'Tap Issue' A tap issue is a procedure that allows borrowers to sell bonds or other short-term debt instruments...
Takaful
DefinitionTakaful is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia compliant alternative to conventional insurance,...
Targeted-Distribution Fund
What is 'Targeted-Distribution Fund' A mutual fund that focuses on the distribution of income and capital gains to fund holders. These funds...
Underlying Profit
What is an 'Underlying Profit' An underlying profit describes an actual reflection of a company's profit. The underlying profit is not the...
Umpire Clause
What is 'Umpire Clause' The language in an insurance policy that provides for a means of resolution by an unbiased third party...
Credit Default Swap
DefinitionA credit default swap is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a...