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Sukuk al-Wakalah

Arabic (صكوك الوكالة) for agency certificates; a type of sukuk (pl. of sakk) in which the underlying contract is wakalah....

Sukuk al-Waqf

Arabic (صكوك الوقف) for endowment sukuk; sukuk which use waqf (waqf assets – mawqoof) as underlying asset. In this sense,...

Sukuk al-Intifa’a

Arabic (صكوك الانتفاع) for sukuk whose underlying is intifa’a, i.e., utilization of an asset, without the right to dispose of...

Arsh

Arabic (أرش) for difference. In the realm of sales (buyu) and commutative contracts, it is the difference between the price...

Ihtikar

A market manipulative practice (black marketeering, regrating or monopoly) that involves the creation of artificial shortages in the supply of...

Aqd al-Muawadhah

Arabic (عقد المعاوضة) for compensatory contract (commutative contract) whereby one party receives compensation/ consideration (iwadh) from another party in return...

Al-Bay’ al-Nafidh

Arabic (البيع النافذ) for a type of al-bay' al-muna'aqid (enforceable contract of sale). By definition, it is a contract of...

Sovereign Sukuk

In Arabic (الصكوك السيادية). Sukuk (plural of sakk) that are issued by governments (through their central banks or monetary agencies...

Wakalah Venture

Under wakalah bil-istithmar (investment agency), it is an investment in transferable investments or single-asset or pooled-assets investments where such investments,...

Corporate Sukuk

Sukuk which are issued by the corporate sector in a country, whether in local or foreign currencies. These sukuk help...