A classification of sukuk in which the underlying is quasi-equity; this type of equity has characteristics similar to the equity of investment account holders (IAHs) and do not meet the criteria of classification as equity (no rights similar to the rights associated with owner’s equity). The amounts invested by sukuk holders are received by the issuer on a profit-sharing or participation- musharakah basis, meaning that the investors share a residual interest in the underlying assets or business (they don’t have rights on the whole issuing institution). The quasi-equity (or redeemable capital) is like a liability in specific respects: maturity date or redemption date (a put option of redemption by a specific date).