Consolidated financial statement
A financial statement that combines the assets, liabilities, and operating accounts of the parent company and its subsidiaries to present their financial position as if they were a single entity. It is prepared by aggregating like accounts after eliminating intercompany transactions and balances.
Accounting Statement
The final output of the accounting process, containing a summary of financial positions. Key accounting statements include the income statement, the balance sheet, and the cash flow statement.
Issuance Programme (Debt Issuance Programme)
A formal framework that allows an issuer to raise funds repeatedly over time by issuing multiple series of securities (typically bonds or sukuk) under a single set of established documentation, without needing to file separate prospectuses for each issuance.
Realized Revenue
Revenue is realized when goods or services are exchanged for cash or claims to cash (accounts receivable). This means that the entity recognizes revenue at the moment a sale is completed or a service is rendered, whether payment is received in cash immediately or recorded as an account receivable (i.e., an amount due from the […]
Irrevocable Credit
Credit that cannot be modified or cancelled by the person who created it without the beneficiary’s consent
Trading Securities
Securities traded in the stock market that are purchased and held for the purpose of resale in the short term.
Blue-chip securities
Securities issued by a stable company with an excellent earnings record, a leading market position, and strong future growth and stability prospects. Consequently, their prices are not subject to significant fluctuations.
Unlisted securities
The financial result of the participants’ risk fund at a takaful company or a retakaful company is one of its business components. It represents the balance after deducting expenses and claims (including any movement in the value of outstanding claims provisions) from contribution revenues, in addition to investment returns (income and profits on investment assets).
Risk Weights
These ratios determine the risk level of a specific financial asset or liability. They are frequently applied in the banking sector to ascertain the capital an institution must hold against such assets or liabilities.
Fund Termination
Wherever mentioned in the Investment Funds Regulations and the Real Estate Investment Funds Regulations, it refers to the date on which the fund terminates in accordance with the period or event specified in the fund’s terms and conditions, including the phase of selling assets and distributing entitlements to unitholders.