Retakaful
An agreement whereby a takaful company cedes some of its risks under a mandatory or optional retakaful agreement as a representative of the participants under the takaful contract, by contributing part of the premiums as a donation to a common fund against certain risks or damages
Intangible assets
Non-cash assets that have no physical existence and can provide the entity with services or benefits in the future. The entity acquired the right to them as a result of events that occurred or transactions completed in the past. Intangible assets may be separately identifiable (can be separated from other assets). Examples include incorporation costs, […]
Illiquid Assets
Means any of the following: Fixed assets; financial resources not immediately convertible to cash; deposits not available for withdrawal within three months or less.
Current asset
An asset that is used, disposed of, or converted into cash within one year or less, or within the entity’s operating cycle, such as cash, inventory, accounts receivable, and short-term investments.
Stakeholders
Any person who has an interest in the company, such as employees, creditors, suppliers, customers, agents, and service providers to companies
Issue at a Premium
Companies sometimes issue shares or bonds at a value exceeding their par value. The difference is referred to as a share premium and is presented under shareholders’ equity on the balance sheet.
Restricted Issuance
Some companies issue securities with restrictions, such as limiting subscriptions exclusively to existing shareholders (e.g., during the capitalization of reserves), or restricting subscriptions to small shareholders, or imposing a maximum limit on the quantity of shares or bonds a shareholder may subscribe to.
Rights issue
Issuing new ordinary shares and offering them to existing shareholders in proportion to their ownership of the company’s shares, at a price that is usually much lower than the prevailing market price.
Current Issue
The portion of the company’s shares offered for subscription from the authorized capital
Issuance at a Discount
Companies sometimes issue shares below par value to encourage full subscription, often due to an urgent need for liquidity. Alternatively, bonds may be issued below par value when their price is less than the prevailing market rate. This latter scenario typically occurs when a company faces financial difficulties and the bonds have a long maturity […]