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 ?
He said they would try to retrieve the flight data recorder in further dives Tuesday evening and Wednesday morning, weather and sea conditions permitting.
Rolando Luna, executive director of the Air Transportation Office, said the flight data recorder of the Boeing 737-200 that crashed on Samal Island in Davao de Sur Province was found at 9:50 a.m.
The flight data recorder keeps a record of the most recent 25 hours of a plane's operating data, including altitude, airspeed, vertical acceleration, and heading.
Boeing, the manufacturer of the 737 MAX 8, along with six black box experts from four different countries, are at present analysing the flight data recorder in Indonesia.
Earlier, Henry Bambang Soelistyo, chief of Indonesia's search and rescue agency, said the flight data recorder had been brought to the surface by four divers.
Indonesian official TV channel broadcasted today information, quoting local authorities that the black box which includes cockpit voice recorder was found close to flight data recorder location, and it will be transferred to Jakarta by Indonesia Marine ship, in order to analysis its content.
The retrieval comes a day after the first piece of the so-called black box, the flight data recorder, was also found and brought to shore, reports BBC.
"Hopefully, they are the cockpit voice recorder and flight data recorder."
The first, a flight data recorder, makes a record of instructions sent to a plane's electronic systems; the second, a cockpit voice recorder, makes a record of conversations, radio communications and other sounds in the cockpit.
BANGKOK -- The flight data recorder from a Lao Airlines plane that crashed last month has been recovered from the Mekong River and the cockpit voice recorder has been located, officials said Friday.
THE flight data recorder has been found from the Air France jet that crashed off Brazil, killing 228 people including three Irish girls.
The Air Accidents Investigation Branch said the search was focused on salvaging the wreckage and re- trieving the helicopter's combined cockpit voice and flight data recorder.

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