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Shari’ah

Arabic (شريعة) for the divine guidance and precepts which are given and outlined by the Holy Qur'an, sent down by...

Special Investment Account

A profit-sharing investment account that is subject to a specific set of conditions as specified by the account holder. In...

Sighat al-Aqd

Arabic (صيغة العقد) for contractual formula (formula of a contract/ aqd). A formal exchange of offer/ proposal (ijab or 'ardh)...

Sukuk Obligor

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

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...

SRI Sukuk

A type of sukuk in which the proceeds are utilized only for the purpose of funding certain activities or transactions...

Sustainable and Responsible Investment Sukuk

A type of sukuk in which the proceeds are utilized only for the purpose of funding certain activities or transactions...

Sukuk Subordination

Subordinated sukuk constitute a category of sukuk (sukuk structure) in which sukuk certificates give sukuk holders a residual claim over...

Special Purpose Vehicles

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