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 ?
The heated deliberations over depicting FDR in a wheelchair flourished for ten months and included a NOD-led demonstration in Washington, D.
The FDR technique uses a swept-frequency RF signal.
Harvey Cushing, the world renown endocrinologist from Harvard Medical School who used his family ties to FDR with good effect.
SX6512: 216 FDR 56Gb/s InfiniBand QSFP ports in a 9U switch.
FDR is an independent consumer advocate that negotiates directly with creditors on consumers' behalf to resolve the consumers' debt balances.
Murray said, "it's telling of the legacy we're here celebrating tonight that a fifth-grader chose FDR, and it says something to the wisdom of that fifth-grader.
Predictably, FDR failed to spend any of his considerable political capital to retain the clause.
TR was an Oyster Bay Roosevelt, traditionally Republican, while FDR was a Hyde Park Roosevelt, always Democrats.
The film provided a strong illustration of why the original plans for the FDR Memorial were changed to include FDR's disability.
When I first saw the new FDR memorial, I thought, some rightwinger is going to have a field day with this.