A sukuk issue in which the backing assets (i.e., the assets to be mobilized) don’t yet exist or are not created at the time of issuance. The funds mobilized through sukuk will be used to create more assets on the balance sheet of the company through contracting modes such as istisna’a and murabaha (hence, sukuk are considered to be similar to murabaha and istisna’a certificates). In this case, these sukuk are non-tradable in the secondary market due to shari’a restrictions.