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Ijarah Thumma al-Ba’i

An agreement (ijarah) that incorporates the sale of the leased asset (in an ijarah contract) at the end of the...

Zero-Coupon Nontradable Sukuk

A sukuk issue in which the backing assets (i.e., the assets to be mobilized) don’t yet exist or are not...

Sale and Buy-Back

English for ba'i al-inah (also ba'i al-einah); a contract that involves the sale and buy back of an object (commodity,...

Debt Assignment

The transfer (assignment/ hawala) of debt from one party (the debt transferor, or muheel) to another (the payer, debt obligor...

Debt-Type Sukuk

A type of sukuk in which the underlying is in the form of debt (receivables, loans, etc.). An example of...

Equity-Type Sukuk

A type of sukuk in which the underlying is in the form of equity. Examples of equity-type sukuk include musharakah...

Tier-2 Capital Sukuk

A classification of sukuk that constitutes part of the second or supplementary layer of a bank's capital (core capital), which,...

Tradable Sukuk

Sukuk that represent tangible assets (also, usufructs and services) or proportionate ownership of a venture or investment portfolio. Generally, sukuk...

Enjoyment Shares

A type of shares that entitle the holders to participate in the net profit of the issuing company or business,...

T2 Sukuk

A classification of sukuk that constitutes part of the second or supplementary layer of a bank's capital (core capital), which,...