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 Purchase Debt (AITAB). The
purchasing of Islamic hire purchase debt is based on the Shariah 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 just 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. Components of broad
money are still very liquid, and non-cash components can usually be converted into cash very
easily.
Cumulative vs Non cumulative preferred stock: The 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. When
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.
Tabarru fund: Tabarru' is an Arabic word that means donation or gifts, where the Participant
shall agree to relinquish as donation all or certain portion of his contribution thus enabling him to
fulfil his obligation of mutual help and joint guarantee.
Convertible bond: a convertible bond or convertible note (or a convertibledebenture if it has
a maturity of greater than 10 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.
Treasury bill and notes: a short-dated UK or US government security, yielding no interest but
issued at a discount on its redemption price. an intermediate-term interest-bearing bond issued by
the US Treasury.
Commercial paper: Commercial Paper' An unsecured, short-term debt instrument issued by a
corporation, typically for the financing of accounts receivable, inventories and meeting shortterm liabilities. Maturities on commercial paper rarely range any longer than 270 days