Sukuk that are recorded on the financial position statement (balance sheet) of the issuer. The issuer has control (in terms of risk, reward, and recovery, i.e., the three Rs) over the underlying assets of this type of sukuk. Examples include musharakah sukuk, mudarabah sukuk, and murabahah sukuk.
By nature, these sukuk are broadly asset-based (asset-based sukuk).
