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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,...

Non-Tradable Sukuk

Sukuk that represent receivables (zhimam) of cash amounts or goods. Examples of non-tradable sukuk include salam sukuk, istisna’a sukuk, and...

Tier-2 Sukuk

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

Ba’i wa Shart

Arabic (بيع وشرط) for “sale with a condition”. Technically, it refers to a sale contract (aqd al-ba'i) in which an...