Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Diversification
A risk management strategy that spreads investments across different assets to reduce exposure to risk.
Economic Diversification
The expansion of an economy into various sectors to reduce dependence on a single industry.
Wealth Generation
The process of accumulating financial assets over time through investments and savings.
Quantitative Easing
A monetary policy used by central banks to stimulate the economy, involving the purchase of financial assets, such as bonds, to increase the money supply.
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.
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