An acronym for asset-light sukuk; a sukuk structure that involves intangible assets as underlying, or in which the requirement of tangible assets is minimal. Companies that do not have much fixed assets resort to asset-light sukuk structures to base their sukuk issues on intangible assets such as receivables (zhimam or duyun).

Asset-light sukuk are forbidden by shari’ah because debts cannot be used as sukuk’s underlying assets.