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 ?
On Hoover, see Nancy Weiss, Farewell to the Party of Lincoln: Black Politics in the Age of FDR (Princeton: Princeton University Press, 1983), 6,8.
FDR didn't want a memorial to be built to honor him.
In addition, the FDR period did, for a brief period, provide health care coverage that not only provided access but provided it in an innovative manner.
The SX6000 line of FDR 56Gb/s InfiniBand switches support a superior scalable platform that scales as the number of nodes per cluster and the number of cores per node increases.
However, while, at the tender age of 15 to 18, when FDR argued, indeed, in Groton school debates against the annexations of Hawaii and the Philippines, these positions were, irrespective of their learned eloquence, assigned debating positions, not to be confused with FDR's own personal convictions.
To mark the landmark occasion, FDR will award a $5,000 savings bond to the individual client whose settled debt hits the $1 billion mark for the company.
Murray, who led a contingent of Democrats who all but serenaded FDR with a verse of "Happy Days Are Here Again," recalled an incident from earlier in the day, when he spoke to fifth-graders at the Sherwood Middle School in Shrewsbury.
None of the staff or reporters who saw him that Sunday noticed that FDR was anything other than his usual convivial self.
While FDR is often credited with ameliorating the effects of the Great Depression if not actually saving capitalism, as the self-described conservative publishing magnate Conrad Black recently suggested in his hagiographic Franklin Delano Roosevelt: Champion of Freedom--critics continue to denounce his failure to secure the civil rights of African Americans.
War with Japan seemed to be inevitable but FDR wanted Japan to make the first strike.
Contrary to Gordon Green's contention that FDR ``guided this country out of a massive depression,'' FDR's alphabet soup agencies (WPA, CCC, NRA, etc.
Customers, who trust INNOVATION's FDR, FASTCPK, ABR and FDR/UPSTREAM to protect their e-Business data, are going to have more than just a passing interest in the new 800 and 800 Turbo SHARK.