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2008 G20 Washington summit
The 2008 G20 Washington Summit on Financial Markets and the World Economy was the first meeting, held in Washington, D.C., United States. It achieved general agreement amongst the G20 on how to cooperate in key areas so as to strengthen economic growth, deal with the 2008 financial crisis, and lay the foundation for reform to avoid similar crises in the future. The Summit resulted from a
Banking2008 United Kingdom bank rescue package
During the period 2007–2009, the UK government intervened financially to support the UK banking sector, and four UK banks in particular.
Banking2009 United Kingdom bank rescue package
A second bank rescue package totalling at least £50 billion was announced by the British government on 12 January 2009, as a response to the 2008 financial crisis. The package was designed to increase the amount of money that banks could lend to businesses and private individuals. This aid came in two parts: an initial £50 billion made available to big corporate borrowers, and a second u
Trading basics2010 flash crash
The flash crash of May 6, 2010, , also known as the crash of 2:45 or simply the flash crash, was a United States trillion-dollar flash crash (a type of stock market crash) which started at 2:32 p.m. EDT and lasted for approximately 36 minutes.
Trading basicsActivTrades
ActivTrades is a UK-based brokerage firm providing an electronic trading platform to trade Forex, Contracts for Difference (CFDs), and spread betting. It provides services to retail and institutional traders via the electronic trading platforms ActivTrader, MetaTrader 4, MetaTrader 5 and TradingView.
Trading basicsAdmirals (company)
Admirals (formerly known as Admiral Markets) is an Estonian online brokerage group based in Tallinn, Estonia, providing access to foreign-exchange trading and contracts for difference (CFDs). Established in 2003 by Alexander Tsikhilov, the company operates through several licensed entities.
Securities & exchangesADSS (company)
ADSS (ADS Securities until 2018) is an Abu Dhabi-based financial services company that provides online trading, investment, wealth management, and asset management services to institutional, private, and retail clients. Established in 2011, ADSS expanded its brokerage activities and operated through subsidiaries and representative offices in financial centres including Hong Kong, Singapo
FinanceAfrican Solidarity Fund
The African Solidarity Fund (ASF), also known by its French name and acronym (Fonds de Solidarité Africain, FSA), is a multilateral, financial guarantee institution based in Niamey, Niger. Currently it has 24 member states. The purpose of the ASF is to contribute to the economic and social development of its regional member states by facilitating access to credit for states and public an
Trading basicsAgricultural finance
Agricultural finance is a branch of finance which comprises financial services for agricultural production, processing and marketing, leasing (both land and equipment), and crop and livestock insurance.
Trading basicsAl-Barakat
Al-Barakat, or Al-Barakaat (Arabic: البركات), which means "Blessings" in Arabic, is a group of companies established in 1987 in Somalia. The firm is involved in the modern form of hawala, an informal value transfer system and remittance method. By 2001, Al-Barakat had outlets in 40 countries, and was the country's largest private employer. It handled about 140 million US$ a year from the
Trading basicsAlpari
Alpari is a retail broker offering trading in the foreign exchange (forex) and contracts for difference (CFDs). The brand was founded in 1998 in Kazan, Russia, by entrepreneur Andrey Dashin. The brand has operated in a number of jurisdictions under local entities. As of 2025, Alpari’s international services are provided by Parlance Trading Ltd, licensed by the Mwali International Service
Securities & exchangesAlte Handelsbörse
The Alte Handelsbörse or Alte Börse (Old exchange) in Leipzig, Saxony, Germany, is the city's oldest assembly building of merchants, and also the oldest Baroque building. Built as the Börse in 1678, it is now used as an event venue and is known in English as the Old Stock Exchange.
BankingAn Introduction to Islamic Finance
An Introduction to Islamic Finance is a book written by Pakistani scholar Taqi Usmani on Islamic banking and finance. The book remains one of the gateway publications on Islamic finance. Most of the focus of the book is on banking rather than fund management. The author urges Islamic banks to develop their own culture, as ultimately it is the value system that matters. The book displays
FinanceAnglo Irish Bank hidden loans controversy
The Anglo Irish Bank hidden loans controversy (also known as the circular transactions controversy) began in Dublin in December 2008 when Seán FitzPatrick, the chairman of Anglo Irish Bank (the state's third-largest bank), admitted he had hidden a total of €87 million in loans from the bank, triggering a series of incidents which led to the eventual nationalisation of Anglo on 21 January
BankingArcapita
Arcapita founded in 1997, is an asset management firm. Headquartered in Manama, Bahrain, Arcapita also operates from its offices in the United States, the United Kingdom, Saudi Arabia, and Singapore. The firm serves a group of investors in the Middle East region including investment firms, family offices, high net-worth individuals, and sovereign wealth funds. Arcapita completed over 100
BankingAsset-based lending
Asset-based lending is any kind of lending secured by an asset. This means, if the loan is not repaid, the asset is taken. In this sense, a mortgage is an example of an asset-based loan. More commonly however, the phrase is used to describe lending to business and large corporations using assets not normally used in other loans. Typically, the different types of asset-based loans include
Payments & settlementATM
An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance or account information inquiries, at any time and without the need for direct interaction with bank staff.
Payments & settlementAustralian Payments Network
Australian Payments Network Limited (AusPayNet), formerly the Australian Payments Clearing Association (APCA) is the self-regulatory body set up by the payments industry to improve the safety, reliability, equity, convenience and efficiency of payment systems in Australia.
Trading basicsAustralian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) is a statutory authority of the Australian Government and the prudential regulator of the Australian financial services industry. APRA was established on 1 July 1998 in response to the recommendations of the Wallis Inquiry. APRA's authority and scope is determined pursuant to the Australian Prudential Regulation Authority Act, 1998 (C
BankingAuthorised deposit-taking institution
Financial institutions in Australia are only permitted to accept deposits from the public if they are authorised deposit-taking institutions (ADIs). The ADI’s authority is granted by the Australian Prudential Regulation Authority (APRA) under the Banking Act 1959 (Cth).
Trading basicsAutomated fare collection
An automated fare collection (AFC) system is the collection of components that automate the ticketing system of a public transportation network – an automated version of manual fare collection. An AFC system is usually the basis for integrated ticketing.
Trading basicsAvaTrade
AvaTrade is a privately held online brokerage group headquartered in Dublin, Ireland. Founded in 2006 as AvaFX by Emanuel Kronitz and Negev Nosatzki, it offers trading in the foreign exchange market, contracts for difference (CFDs), commodities, stock market indexes, shares, exchange-traded funds, options, futures, cryptocurrencyies, and bonds through its trading platforms and mobile app
Trading basicsAzerbaijani manat
The manat (ISO code: AZN; sign: ₼; abbreviation: m) is the currency of Azerbaijan. It is subdivided into 100 gapiks.
Trading basicsBahraini dinar
The dinar (Arabic: دينار بحريني, romanized: Dīnār Baḥrēnī) (sign: .د.ب or BD; code: BHD) is the currency of Bahrain. Each dinar is divided into 1000 fulūs (singular is "fils"). The Bahraini dinar is abbreviated د.ب (Arabic) or BD (Latin). It is usually represented with three decimal places denoting the fils.
BankingBai Salam
Bai Salam (Arabic بيع سلم, more accurately transliterated as Bai us Salami) is an Islamic contract in which full payment is made in advance for specific goods (often agricultural products) to be delivered at a future date. It is necessary that the quality of the commodity intended to be purchased is fully specified leaving no ambiguity leading to dispute. Bai salam covers almost every
Payments & settlementBalance of payments
In international economics, the balance of payments (also known as balance of international payments and abbreviated BOP or BoP) of a country is the difference between all money flowing into the country in a particular period of time (e.g., a quarter or a year) and the outflow of money to the rest of the world. These financial transactions are made by individuals, firms and government b
Payments & settlementBalance of trade
Balance of trade is the difference between the monetary value of a nation's exports and imports of goods over a certain time period. Sometimes, trade in services is also included in the balance of trade but the official IMF definition only considers goods. The balance of trade measures a flow variable of exports and imports over a given period of time. The notion of the balance of trade
BankingBank Australia
Bank Australia is an Australian customer-owned bank based in Collingwood, Victoria. The organisation can trace its origins back to 1957, when the CSIRO Co-operative Credit Society was formed. Over succeeding years, mergers among 72 other credit unions and co-operative banks eventually led to the creation of the Members & Education Credit Union (mecu) in 2003, which became Bankmecu in 201
BankingBank state branch
A Bank State Branch (often referred to as "BSB") is the name used in Australia for a bank code, which is a branch identifier. The BSB is normally used in association with the account number system used by each financial institution. The structure of the BSB + account number does not permit for account numbers to be transferable between financial institutions. While similar in structure,
BankingBanking in Australia
Banking in Australia is a central component of the country's financial system and one of the most concentrated banking sectors in the world. As of 2025 the sector contributes 7.5% of GDP and employs 450,000 people.
BankingBanking in Bhutan
Banking in Bhutan, a small country in East Asia, is an industry that has grown slowly as the country has pursued modernization. The country has a vibrant informal culture of finance which only weakly integrates formal financial services.
BankingBanking in Egypt
Banking in Egypt is regulated by the Central Bank of Egypt. Egypt’s banking sector has undergone major reforms since the 1990s, resulting in a liberalized and modernized system aligned with international standards. Financial inclusion has expanded, with 74.8% of Egyptians aged 15 and above using financial accounts, reaching 52 million users by 2024. Usage spans banks, Egypt Post, mobile
BankingBanking in Kyrgyzstan
In mid-1995, the banking system in Kyrgyzstan continued to be dominated by the central savings bank (the National Bank of Kyrgyzstan, created in 1991) and by the three major commercial banks that succeeded the sectoral banks of the Soviet era and remained under state control. Those banks, the Agricultural and Industrial Bank (Agroprombank), the Industrial and Construction Bank (Promstroy
BankingBanking in Sudan
Banking in Sudan covers the history, development and structure of banking in the Sudan. From the inheritance of the banking system from the Anglo-Egyptian Sudan to the establishment of the Sudan central bank in 1959 and development of Islamic banking in the mid 1970s.
BankingBanking in Vietnam
Banking in Vietnam started in 1976 with the State Bank Vietnam, which became the central bank of the country. Vietnam's banks suffer from low public confidence, regulatory and managerial weakness, high levels of non-performing loans (NPL), non-compliance with the Basel capital standards, and the absence of international auditing. Foreign investment limit into national banks of Vietnam is
BankingBasel Committee on Banking Supervision
The Basel Committee on Banking Supervision (BCBS, often shortened as Basel Committee) is a body that brings together bank supervisory authorities to set common prudential standards and policy. It relies on a permanent secretariat hosted by the Bank for International Settlements in Basel, Switzerland.
FinanceBeirut Central District
The Beirut Central District, historically named "Al-Balad", is the historical and geographical core of Beirut, the capital of Lebanon. Also called downtown Beirut, it has been described as the “vibrant financial, commercial, and administrative hub of the country.” It is thousands of years old, with a traditional focus on business, finance, culture, and leisure.
BankingBetter Than Cash Alliance
The Better Than Cash Alliance is a global partnership of 80 governments, companies, and International Organizations that accelerates the transition from cash to responsible digital payments to help achieve the Sustainable Development Goals (SDGs).
Securities & exchangesBlack–Scholes model
The Black–Scholes or Black–Scholes–Merton model is a mathematical model for the dynamics of a financial market containing derivative investment instruments. From the parabolic partial differential equation in the model, known as the Black–Scholes equation, one can deduce the Black–Scholes formula, which gives a theoretical estimate of the price of European-style options and shows that t
BankingBosna Bank International
Bosna Bank International d.d. Sarajevo, or simply BBI Banka, is a commercial bank serving Bosnia and Herzegovina headquartered in Sarajevo.
Payments & settlementBPAY
BPAY (BPAY Group Holding Pty Ltd) is an Australian electronic bill payment SaaS company which facilitates payments made through a financial institution's online, mobile or telephone banking facility to organisations which are registered BPAY billers.
Fiat currenciesBretton Woods Conference
The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 allied nations at the Mount Washington Hotel, in Bretton Woods, New Hampshire, United States, to regulate what would be the international monetary and financial order after the conclusion of World War II.
Fiat currenciesBretton Woods system
The Bretton Woods system of monetary management established the rules for commercial relations among 44 countries, including the United Kingdom, United States, Canada, European countries, and Australia, after the 1944 Bretton Woods Agreement until the Jamaica Accords in 1976. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary r
AssetsBybit
Bybit is a Dubai-based cryptocurrency exchange that was originally founded in China. The platform has faced regulatory warnings in several jurisdictions.
Trading basicsCapitalism
Capitalism is an economic system based on the private ownership of the means of production and its use for the purpose of obtaining profit. This socioeconomic system has developed historically in several stages and is defined by a number of constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on inn
FinanceCapitalization rate
Capitalization rate (or "cap rate") is a real estate valuation measure used to compare different real estate investments. Although there are many variations, the cap rate is generally calculated as the ratio between the annual rental income produced by a real estate asset to its current market value. Most variations depend on the definition of the annual rental income and whether it is
FinanceCasablanca Finance City
Casablanca Finance City (CFC; Arabic: القطب المالي للدار البيضاء) is a financial and business center located in Casablanca, Morocco. It serves as a regional hub for financial institutions, multinational corporations, and professional service firms operating in Africa.
Payments & settlementCashU
CashU was an Arabic fintech company providing a digital wallet and online payment services for customers in the Middle East and North Africa (MENA) region. The company was founded as a technology startup in July 2002 in association with online service company Maktoob in Amman, Jordan. It provided payment services for Maktoob online services. The company went through a number of rounds of
Trading basicsCentral African CFA franc
The Central African CFA franc (French: franc CFA or simply franc; ISO code: XAF; abbreviation: F.CFA) is the currency used in six independent states in Central Africa: Cameroon, the Central African Republic, Chad, the Republic of the Congo, Equatorial Guinea and Gabon. These six countries had a combined population of 55.2 million in 2020, and their total GDP exceeded US$100 billion (as o
BankingCentral bank digital currencies by country
A wide range of countries and currency unions have explored, piloted, or deployed central bank digital currencies (CBDCs), which serve as direct liabilities of a central bank and legal tender alongside physical cash and bank deposits. National initiatives generally focus either on wholesale CBDCs for interbank settlements or retail CBDCs for use by the general public.
BankingChallenges in Islamic finance
Challenges in Islamic finance are the difficulties in providing modern finance services without violation of sharia (Islamic law).
Payments & settlementCheckout.com
Checkout.com (legally incorporated as Checkout Ltd.) is a financial technology company headquartered in London, United Kingdom. It provides payment processing services, operating as a payment gateway, acquirer, and processor for enterprise clients in sectors such as e-commerce, technology, and media. In 2022, It had a valuation of $40 billion making it the most valuable European fintech
Fiat currenciesChina Foreign Exchange Trade System
The China Foreign Exchange Trade System (CFETS; Chinese: 中國外匯交易中心), also known as National Interbank Funding Center (NIFC; Chinese: 全国银行间同业拆借中心), is a financial market infrastructure and electronic trading platform in China, established in 1994 in Shanghai under the People's Bank of China (PBC).
Securities & exchangesCity Index
City Index is a United Kingdom-based provider of spread betting, contracts for difference (CFD) trading and foreign exchange (FX) trading services. Founded in 1983, it operates as a retail trading brand of the Nasdaq-listed financial services group StoneX. In the UK, City Index is operated by StoneX Financial Ltd, which is authorised by the Financial Conduct Authority (FCA).
Fiat currenciesCoin
A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. The faces of coins or medals are sometimes called the obverse and the reverse, ref
FinanceCollection for the Holy Places
The Collection for the Holy Places (Latin: Collecta pro Locis Sanctis), also known as the Good Friday Collection, is an annual collection, taken up at the request of the pope, in Catholic churches around the world for the support of Christians in the Holy Land. Dating back to the seventeenth century and reaffirmed by Pope Paul VI in 1974, it is traditionally taken on Good Friday.
BankingCommercial mortgage
A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.
Trading basicsComorian franc
The franc (French: franc comorien; Arabic: فرنك قمري; sign: FC; ISO 4217 code: KMF) is the official currency of Comoros. It is nominally subdivided into 100 centimes, although no centime denominations have ever been issued.
Payments & settlementCompany store
A company store is a retail store selling a limited range of food, clothing and daily necessities to employees of a company. It is typical of a company town in a remote area where virtually everyone is employed by one firm, such as a coal mine. In a company town, the housing is owned by the company but there may be independent stores there or nearby.
Securities & exchangesConcession (contract)
A concession or concession agreement is a grant of rights, land, property, or facility by a government, local authority, corporation, individual or other legal entity.
FinanceCredible (company)
Credible is a financial technology company headquartered in San Francisco and incorporated under the name Credible Labs Inc. The company also does business through its subsidiary Credible Operations, Inc. Its online marketplace offers consumers the ability to compare and refinance loans, mortgages, and other financial products from lenders. Credible became a subsidiary of Fox Corporation
BankingCryptography
Cryptography, or cryptology, is the practice and study of techniques for secure communication in the presence of adversarial behavior. More generally, cryptography is about constructing and analyzing protocols that prevent third parties or the public from reading private messages. Modern cryptography exists at the intersection of the disciplines of mathematics, computer science, informat
Payments & settlementCurrent account (balance of payments)
In macroeconomics and international finance, a country's current account records the value of exports and imports of both goods and services and international transfers of capital. It is one of the two components of the balance of payments, the other being the capital account (also known as the financial account). Current account measures the nation's earnings and spendings abroad and it
Trading basicsDahabshiil
Dahabshiil (Somali: Dahabshiil, Arabic: دهب شيل) is a Somali funds transfer company, headquartered in Dubai, UAE, and is the largest money-transfer business in Africa. Formed in 2004, the firm operates from over 24,000 outlets and employs more than 2,000 people across 126 countries. It provides financial services to international organisations, as well as to both large and small business
BankingDigital ruble
The digital ruble (Russian: цифровой рубль, romanized: tsifrovoy rubl') is a central bank digital currency (CBDC) issued by the Central Bank of Russia (Bank of Russia). It represents the third official form of the Russian national currency alongside cash and commercial bank deposits, with all forms legally equivalent and exchangeable at par.
BankingDinar
The dinar (, ) is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار (dīnār), which was possibly borrowed via the Syriac dīnarā from the Latin dēnārius.
FinanceDiplomatic Area, Bahrain
The Diplomatic Area (Arabic: المنطقة الدبلوماسية; transliterated: al-Mantiqah ad-Diblomasiyah) is an area that is located within the Central Business District of Manama, the capital city of Bahrain, an island kingdom in the Persian Gulf.
BankingDirham
The dirham, dirhem or drahm is a unit of currency and of mass. It is the name of the currencies of Morocco, the United Arab Emirates and Armenia, and is the name of a currency subdivision in Jordan, Libya, Qatar and Tajikistan. It was historically a silver coin.
Trading basicsDjiboutian franc
The Djiboutian franc (Arabic: فرنك, French: Franc, Somali: Faranka, Afar: Faranki) is the currency of Djibouti. Its ISO 4217 currency code is DJF. Historically, it was subdivided into 100 centimes.
Trading basicsDubai Gold & Commodities Exchange
The Dubai Gold & Commodities Exchange (DGCX) is a financial and commodity derivatives exchange located in Dubai, the United Arab Emirates. DGCX commenced trading in November 2005 as the first derivatives exchange in the Middle East and North Africa (MENA) region. The Exchange is owned by the Dubai Multi Commodities Centre (DMCC).
Trading basicsDubai Mercantile Exchange
The Dubai Mercantile Exchange (DME) is a commodity exchange based in Dubai currently listing its flagship futures contract, DME Oman Crude Oil Futures Contract (OQD). Launched in 2007, the DME aims to become the crude oil pricing benchmark for the Asian market with its Oman Crude Oil contract, like the Intercontinental Exchange’s (ICE) North Sea Brent is to Europe and the New York Mercan
FinanceEase of movement
Ease of movement (EMV) is an indicator used in technical analysis to relate an asset's price change to its volume. Ease of Movement was developed by Richard W. Arms, Jr. and highlights the relationship between volume and price changes and is particularly useful for assessing the strength of a trend. High positive values indicate the price is increasing on low volume: strong negative valu
Payments & settlementEdenred
Edenred, formerly known as Accor Services, is an international payment service provider based in France. The company focuses on payment services used in the workplace, including employee benefits such as Ticket Restaurant meal vouchers, as well as other business-to-business payment solutions. The company was created following Accor’s split and has been listed on Euronext Paris since 2010
Trading basicsEquiti Group
Equiti Group is a fintech group headquartered in Dubai, United Arab Emirates, providing online trading technology and multi-asset financial products through a network of regulated brokerage entities. The group was established in 2017 and operates across the Middle East, Africa, Europe, and Asia. Iskandar Najjar is the group's co-founder and chief executive officer.
Trading basicsEquity stripping
Equity stripping, also known as equity skimming, is a type of foreclosure rescue scheme. Often considered a form of predatory lending, equity stripping became increasingly widespread in the early 2000s. In an equity stripping scheme an investor buys the property from a homeowner facing foreclosure and agrees to lease the home to the homeowner who may remain in the home as a tenant. Often
Trading basicsEritrean nakfa
The nakfa (ISO 4217 code: ERN; Tigrinya: ናቕፋ naḳfa, or Arabic: ناكفا or نقفة nākfā) is the currency of Eritrea and was introduced on 15 November 1997 to replace the birr at par. The currency takes its name from the Eritrean town of Nakfa, site of the first major victory of the Eritrean War of Independence. The nakfa is divided into 100 cents.
Trading basicsExit fare
An exit fare is a method of collecting ridership fees, or fares, from a transportation system, where the fee (or part of the fee) is collected from passengers upon reaching their destination.
Trading basicsExperiential retail
Experiential retail or experiential commerce is a type of retail marketing whereby customers coming into a physical retail space are offered experiences beyond the traditional ones (such as in a clothing store: browsing merchandise, advice from salespeople, dressing rooms and cashiers). Amenities provided may include art (often interactive art), live music performances, virtual reality,
Trading basicsEZ-Link
The EZ-Link card is a rechargeable contactless smart card and electronic money system that is primarily used as a payment method for public transport such as bus and rail lines in Singapore. A standard EZ-Link card is a credit-card sized stored-value contact-less smart-card that comes in a variety of colours, as well as limited edition designs. It is sold by SimplyGo Pte Ltd, a merged en
Trading basicsFare capping
Fare capping is a feature of public transport fare collection systems, which allows passengers to earn an unlimited-ride pass by paying single-ride fares. Typically, passengers pay a single-ride fare each time they use public transport, using a smart card or, in some cases, their own credit or debit card. An automated fare collection system tracks the payments, and awards the passenger a
Trading basicsFederal takeover of Fannie Mae and Freddie Mac
In September 2008, the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subp
BankingFils (currency)
The fils (Arabic: فلس) is a subdivision of currency used in some Arab countries, such as, in modern times, Iraq and Bahrain. The term is a modern retranscription of fals, an early medieval Arab copper coin first produced by the Umayyad Caliphate (661–750) beginning in the late 7th century and used throughout the region under its rule.
FinanceFinancial Action Task Force blacklist
The Financial Action Task Force blacklist (often abbreviated to FATF blacklist, and officially known as the "Call for action") is a blacklist maintained by the Financial Action Task Force.
Securities & exchangesFinancial innovation
Financial innovation is the act of creating new financial instruments as well as new financial technologies, institutions, and markets. Recent financial innovations include hedge funds, private equity, weather derivatives, retail-structured products, exchange-traded funds, multi-family offices, and Islamic bonds (Sukuk). The shadow banking system has spawned an array of financial innovat
FinanceFinancial market impact of the COVID-19 pandemic
Economic turmoil associated with the COVID-19 pandemic has had wide-ranging and severe impacts upon financial markets, including stock, bond, and commodity (including crude oil and gold) markets. Major events included a described Russia–Saudi Arabia oil price war, which after failing to reach an OPEC+ agreement resulted in a collapse of crude oil prices and a stock market crash in March
FinanceFinancial services
Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance.
Fiat currenciesFloating exchange rate
In macroeconomics and economic policy, a floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which a currency's value is allowed to fluctuate in response to international events affecting exchange rates. A currency that uses a floating exchange rate is known as a floating currency. In contrast, a fixed currency is one where
FinanceForeclosure
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
FinanceForeclosure rescue
Foreclosure rescue in the United States is where a mortgage that is in arrears and where the lender is at the stage of foreclosing on the loan agrees to stop the foreclosure in exchange for funds received through loan modification or from a government grant. It may also refer to funds that allow the homeowner to repurchase the property at or after foreclosure.
Fiat currenciesForeign exchange regulation
Foreign exchange regulation is a form of financial regulation specifically aimed at the over-the-counter Forex market that is decentralized and operates with no central exchange or clearing house. Due to its decentralized and global nature, the foreign exchange market has been more prone to foreign exchange fraud and has been less regulated than other financial markets.
Fiat currenciesForeign exchange reserves
Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold and silver held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets. Reserves are held in one or more reserve cur
Fiat currenciesForex scandal
The forex scandal (also known as the forex probe) is a 2013 financial scandal that involves the revelation, and subsequent investigation, that banks colluded for at least a decade to manipulate exchange rates on the forex market for their own financial gain. Market regulators in Asia, Switzerland, the United Kingdom, and the United States began to investigate the $4.7 trillion per day fo
Securities & exchangesForex.com
Forex.com is a foreign exchange (FX) and contracts for difference (CFD) trading brand owned by StoneX Group. In the United States, it is operated by GAIN Capital Group LLC, a wholly owned subsidiary of StoneX Group Inc.. The brand offers leveraged trading in currencies, commodities, indices, and cryptocurrencies.
BankingFour pillars policy
The four pillars policy is an Australian Government policy to maintain the separation of the four largest banks in Australia by rejecting any merger or acquisition between the four major banks. The policy, rather than formal regulation, first articulated in 1990, reflects the competitive concerns of more concentration as well as the broad political unpopularity of further bank mergers. A
FinanceFreetrade
Freetrade is a UK-based fintech company founded in 2016 by Adam Dodds, Davide Fioranelli and André Mohamed. It operates a mobile trading platform for retail investors in the UK, allowing users to trade equities and ETFs through iOS and Android applications.
Securities & exchangesFutu
Futu Holdings Limited (Chinese: 富途控股) is a Cayman Islands-incorporated financial technology holding company headquartered in Hong Kong. Through its subsidiaries, it provides online securities brokerage, margin financing and securities lending, wealth management, and corporate and institutional services. Its main digital platforms are Futubull, used primarily in Hong Kong, and Moomoo, its
Trading basicsFXCM
FXCM, also known as Forex Capital Markets, is a retail foreign exchange broker for trading on the foreign exchange market. FXCM allows people to speculate on the foreign exchange market and provides trading in contract for difference (CFDs) on major indices and commodities such as gold and crude oil. It is based in London.
BankingGharar
Gharar (Arabic: غرر) literally means uncertainty, hazard, chance or risk. It is a negative element in mu'amalat fiqh (transactional Islamic jurisprudence), like riba (usury) and maisir (gambling).
BankingGold dinar
The gold dinar (Arabic: ﺩﻳﻨﺎﺭ ذهب) is an Islamic medieval gold coin first issued in AH 77 (696–697 CE) by Caliph Abd al-Malik ibn Marwan. The weight of the dinar is 1 mithqal (4.25 grams or 0.137 troy ounces).
FinanceGreen finance and the Belt and Road Initiative
Green finance is officially promoted as an important feature of the Belt and Road Initiative, China's signature global economic development initiative. The official vision for the BRI calls for an environmentally friendly "Green Belt and Road".