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SPE

It stands for special purpose entity; a legal entity (such as corporate entity, limited partnership, trust, etc.) that is formed...

Special Purpose Vehicle

A legal entity (such as corporate entity, limited partnership, trust, etc.) that is formed for the sole purpose of achieving...

SPV

It stands for special purpose vehicle; a legal entity (such as corporate entity, limited partnership, trust, etc.) that is formed...

Security/ Guarantee in Ijarah

By nature, an ijarah contract creates a liability on the lessee in the form of payable rental (ujrah), which gives...

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...

Sovereign Sukuk

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

Service Ijarah

A type of ijarah (ijara) (Islamic lease) which transfers the ownership of usufruct/ manfaah (of a service or a bundle...

Service Lease

A type of ijarah (ijara) (Islamic lease) which transfers the ownership of usufruct/ manfaah (of a service or a bundle...