Sharia
Practical Sharia rulings derived from Sharia sources (the Quran, Sunnah, Ijma, and Qiyas), and other approved Sharia sources.
Offeree company
A company whose shares are listed on the market in respect of which an offer is made, or whose shares are the subject of a private sale and purchase transaction. The term “potential offeree company” shall be construed accordingly.
Ceding Company
The party to a retakaful or reinsurance contract that transfers part of the risks under the retakaful or reinsurance contract.
Holding company
The parent company that holds a controlling stake in a subsidiary, giving it voting rights and control over the subsidiary’s operations.
Beneficial Owner
Any person who has an interest representing 5% or more of the capital of a company listed on the stock exchange, whether directly or indirectly, as a group, or in alliance with others.
Liquidity
The ease with which securities can be bought and sold in the market. Highly liquid markets are referred to as ‘deep’.
Actual Control
Any ownership position or arrangement of shares or stakes, regardless of percentage, that leads to control over the appointment of the majority of board members or over decisions issued by the board or the general assemblies of the company in question
Control
The ability to influence the actions or decisions of another person, directly or indirectly, individually or jointly with a relative or affiliate, through any of the following: (a) owning an interest equal to 30% or more of the voting rights in a company; (b) the right to appoint 30% or more of the members of […]
Monetary Policy
The process by which the central bank sets short-term interest rates to manage domestic demand and achieve price stability in the economic system.
Fiscal Policy
Using government spending policies, taxation, and borrowing to either boost domestic demand in the economy or restrain it, with the aim of maintaining high employment and price stability.