MUSHARAKAH
An Islamic principle that refers to a joint enterprise or partnership structure with gain or loss sharing implications that is utilized, instead of interest-bearing loans. Each party involved is allowed to take part in the profits and risks. Instead of charging the interest as a creditor of the loan, the financier will attain a return in the form of a section of the actual profits earned, based on a preset ratio. Unlike a conventional creditor, the financial will also suffer any losses made in the business.
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Tax Court
Specialized court of the law handling and adjudicating tax disputes and issues. In the United States, the Congress has established a federal court ...
Accrual Swap
An interest rate swap which a counterparty pays reference rate, it is usually a three to six month of LIBOR.
Key Rate
A specific interest rate that decides bank lending rates and the credit cost for borrowers. Discount Rate and the Federal Funds rate are the two ke ...
Alternative Order
A mandate of an investor to buy or sell stock using a first come first served basis policy. It is also called the one cancels the other orders. ...
Catalog of Federal Domestic Assistance – CFDA
Government-wide compendium of Federal assistance programs, projects, activities, and services, which offers financial and nonfinancial assistance o ...
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