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 ?
"So it got us thinking, wouldn't it be good to have an iPad in the cot? And it snowballed from there."
* As the amount of COTS equipment in a system increases, it becomes to easier and cheaper to modify the system, supporting more rapid technology refresh and greater adaptability to change.
A new breed of COTS solutions--based on open architectures--is fully validated, certified, and compatible with target applications such as video surveillance, passenger service information, and train-to-ground communications in the connected train information systems (Figure 1).
Two sisters have raised funds to present their third cuddle cot to a local funeral director in memory of aWishaw couple's baby who died just days after his birth.
Matttold Belfast Live: "We went into her room and she was on her feet in her cot and she'd chewed two holes in the rim of the cot.
If you have purchased one of the above cots, contact the customer helpline 0345 600 6475 to arrange a replacement or refund.
He deems this the Hidden COTS Market and the published article describes the characteristics of these opportunities and approaches to gain access and entry.
A MOTHER who lost two babies in less than three years is helping other grieving families to get access to a "cuddle cot".
Keywords: Crime Analysis Systems, Evaluation Methods, COTS, Framework, Social-Technical Approach.
PS79.95, www.mamasandpapas.com KIT FOR KIDS BABY ELLERGENIC COT MATTRESSES THESE mattresses allow parents to protect children in their cot against allergens and microbes.
Lisa Gee and Cuchulain Brian found nine-month-old Preston dead in his cot with ties from the popular padding wrapped twice round his neck.
She drew up designs for the Kare Cot - a convertible crib, cot and toddler bed - after looking at mesh-sided collapsible travel cots.