A shari’ah compliant investment product that derives its value from one underlying asset or more. It provides the holder (the buyer or long) with an economic or legal interest in an underlying asset, and its value is derived from the price or value of that underlying asset. By nature, structured products are non-standardized and indirect means of investment or risk management. Islamic structured products are based on permissible contracts and tools such as murabahah and wa’ad. Examples of Islamic structured products include commodity murabahah-based structured products, wa’ad-based structured products, Islamic derivatives (permissible derivatives), hybrid sukuk, etc.