An investor, natural or legal person, that bears the certificate of sukuk entailing ownership (ownership stake) in the underlying assets...

A market player (such as an Islamic financial institution, IFI, or any other specialized entity) that creates the underlying asset...

In simple terms, it is the right of an individual to use something that belongs to someone else, whether for…

In general, usury refers to the predetermined interest which a lender charges on, and collects from, a borrower. The lender…

A type of musharaka sukuk that represent certificates of equal value (sukuk) issued for the purpose of investing the funds…

A charge that an Islamic bank makes against earnings. In other words, it is a contra-asset that is created by…

A contract (aqd) which exists by itself and is not subordinate or auxiliary to another contract (i.e., an accessory contract).…

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

The risk that affects the operations of an Islamic bank (Islamic financial institution– IFI) including the risk of loss arising…

Arabic (غبن يسير) for a slight or minor ghabn; ghaban is a fraudulent practice by which one party to a...