Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Financial Literacy
The ability to understand and use financial concepts effectively.
Customer-Centric Innovation Incubator
Space or a dedicated program for generating and nurturing ideas and solutions focused on customers.
Status of Disbursement Order
The status of the disbursement order from its creation until its approval (under approval, approved, returned).
Possession of Goods for Commercial Purposes
Possessing excise goods for the purpose of carrying out commercial activities, or any activities related thereto, or possessing excise goods in quantities exceeding the quantities specified by the Zakat, Tax and Customs Authority.
Open Banking Service
A banking system where third-party financial service providers securely access consumer data.
Deduction
An amount subtracted or withheld from a total, often in the context of taxes, expenses, or costs, reducing the overall amount or liability.
Line of Credit
A flexible loan arrangement where a borrower can access funds up to a certain limit, typically for short-term needs.
Stock Options
Contracts giving the right, but not the obligation, to buy or sell a stock at a specific price.
Comfort Letter
A document issued by a parent company to provide assurance or support to creditors or investors regarding the financial obligations of a subsidiary or affiliate.
Fixed Income
Are securities, such as bonds or certificates of deposit, that pay a fixed or predictable rate of interest, offering regular income to investors.
Zakat
A certain sum of money that Allah has imposed as a right for the poor. It is the third pillar of Islam and one of its obligations.
Commercial Registration
A document in which the contractor should apply and have it from the Ministry of Commerce. This document should be issued with the name and type of the commercial establishment, and the names and addresses of the owners; And their authorized activities.
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