Certificates of equal value (sukuk) that are issued for the purpose of investing the mobilized funds of musharakah for establishing a new project, developing an existing project or financing a business activity on the basis of shari’a complied partnership contract. In these sukuk, the sukuk holders become the owners of the project or the assets of the activity according to respective shares. The sukuk-financed musharakah project/ activity can be managed on the basis of participation (musharakah), mudarabah, or investment agency (wakalah bil-istithmar).

Sukuk al musharakah (صكوك المشاركة) are also referred to as musharakah sukuk.