Black Box

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Black Box

1. Any complex investment strategy or model. In general, a black box involves a computer using complicated formulas to achieve returns in the desired way. Because an investor may not understand the model (and may not be able to do so), a black box can lead to unforeseen problems. See also: Black box syndrome.

2. In Islamic finance, a strategy that allows one to invest funds in a Sharia-compliant way but still link the returns to non-compliant investments. Using a black box is very controversial and some Islamic finance scholars reject it as un-Islamic.
References in periodicals archive ?
equivalent shares outstanding 17,016 16,653 BLACK BOX CORPORATION CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) June 30, March 31, 1996 1996
2 /PRNewswire/ -- Black Box Corporation has selected AT&T (NYSE: T) to provide its inbound and outbound telecommunications network services for the next two years.
PITTSBURGH -- Black Box Corporation (NASDAQ:BBOX) today announced that its Board of Directors approved an increase of 1,000,000 shares under the existing Black Box common stock repurchase program.
PITTSBURGH -- Black Box Corporation (NASDAQ:BBOX) announced today that it is mailing a new catalog featuring cabinets, racks and accessories to help its clients manage and organize their data centers, server rooms and wiring closets.
PITTSBURGH -- Black Box Corporation (NASDAQ:BBOX) will release its second quarter fiscal 2007 financial results on Tuesday, October 31, 2006.