8/20/2019 Comparative Short Notes

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SSU and DSU: An economic unit with income that is greater than or equal to expenditures on

consumption or real investment over the course of a period. Any individual, group,

or entity (such as a broker  or dealer ) that obtains funds from surplus spending units by way of

the financial markets.

Mudharabah bond: mechanism applied in issuing Islamic bonds based

on mudharabah principle through securitisation of Islamic Hire urchase !ebt (AI"A#). "he

 purchasing of Islamic hire purchase debt is based on the $hariah concept of bai% al&dayn (debt

trading).

Fiat broad and narrow money: Fiat money is currency which derives its value from

government regulation or law. A category of money supply that includes all physical money like

coins and currency along with demand deposits and other liquid assets held by the central bank.

Broad money is a measure of the money supply that includes more than 'ust physical money

such as currency and coins (also termed narrow money). It generally includes demand deposits at

commercial banks, and any monies held in easily accessible accounts. omponents of broad

money are still very liquid, and non&cash components can usually be converted into cash very

easily.

Cumulative vs Non cumulative preferred stoc: "he stipulated dividend of which if not paid

in full in one or more years carries over or accumulates from year to year until fully paid. hen

the provision is such that dividends or part of dividends not paid to the preferred shareholders in

any given year are lost to them forever, is known as no cumulative preference stock.

!abarru fund: "abarru* is an Arabic word that means donation or gifts, where the articipant

shall agree to relinquish as donation all or certain portion of his contribution thus enabling him tofulfil his obligation of mutual help and 'oint guarantee.

Convertible bond: a convertible bond or convertible note (or a convertibledebenture if it has

a maturity of greater than + years) is a type of bondthat the holder can convert into a specified

number of shares of common stock in the issuing company or cash of equal value.

!reasury bill and notes: a short&dated - or -$ government security, yielding no interest but

issued at a discount on its redemption price. an intermediate&term interest&bearing bond issued bythe -$ "reasury.

Commercial paper: Commercial "aper* An unsecured, short&term debt instrument issued by acorporation, typically for the financing of accounts receivable, inventories and meeting short&

term liabilities. /aturities on commercial paper rarely range any longer than 01 days

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