An undertaking (binding promise– wa’ad mulzim) by either the issuer of sukuk or the manager of sukuk-financed project/assets to repurchase…

An Arabic term (وعد غير ملزم) that translates as nonbinding promise; a wa’ad (promise) in which the promisor (al-wa’ed) is...

An Arabic term (وعد ملزم) that translates into binding promise; a wa’ad (promise) in which the promisor (al-wa'ed) is under...