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Non-Convertible Sukuk

A type of sukuk structure in which sukuk certificates extend no option to the sukuk holders to convert the sukuk...

Perpetual Tier 1 Mudaraba Sukuk

A sukuk issue (mudaraba sukuk) that has mudaraba (contract, arrangement, etc.) as underlying and does not mature and hence sukuk...

Perpetual Mudaraba Sukuk

A sukuk issue (mudaraba sukuk) that has mudaraba (contract, arrangement, etc.) as underlying and does not mature and hence sukuk...

Liability

A present economic obligation that is enforceable against an Islamic bank or financial institution. Enforcement entails settlement by means of...

PTE

It stands for pass-through entity; a legal business entity that passes all its income on to the owners or investors...

Pass-Through Entity

A legal business entity that passes all its income on to the owners or investors of the business. The income...

Special Purpose Vehicles

A legal entity (or possibly another form of entity such as a corporate entity, trust or limited partnership) that established...

Owners’ Equity

A financial item that reflects the residual interest in the assets of the institution (e.g., an Islamic bank) after deducting...

ICM Instrument

A investment instrument that is based on profit and loss sharing, asset-backed transactions, and risk-sharing contracts, and certain types include...

Islamic Capital Market Instrument

A investment instrument that is based on profit and loss sharing, asset-backed transactions, and risk-sharing contracts, and certain types include...