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Tawatu

An Arabic term (تواطؤ) that translates as collusion or pre-arrangement. In Islamic finance parlance, this involves an implicit agreement between...

IAB

An acronym for Islamic accepted bill; a bill of exchange which is drawn on or by a bank, payable at...

Sukuk Obligor

The party in a sukuk issuance that stands obliged, legally or contractually, to make payment to sukuk holders against their...

Obligor

The party in a sukuk issuance that stands obliged, legally or contractually, to make payment to sukuk holders against their...

Unsecured Senior Sukuk

A type of sukuk that are both senior (senior sukuk) and unsecured. Senior sukuk are a type of sukuk structure...

Senior Sukuk

A type of sukuk in which sukuk holders get paid in full before other stakeholders (claim holders). As opposed to...

Senior Unsecured Sukuk

A type of sukuk that are both senior (senior sukuk) and unsecured. Senior sukuk are a type of sukuk structure...

Investment Account Holder

An individual/ entity that has deposited funds with an Islamic bank (IFI), via Shari'ah-compliant profit-sharing investment accounts that provide an...

IAH

It stands for investment account holder; the individual/ entity that has deposited funds with an Islamic bank (IFI), via Shari'ah-compliant...

Green SRI Sukuk

A type (subcategory) of SRI sukuk in which the proceeds are utilized only for the purpose of funding certain activities...