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Purchase Undertaking in Sukuk

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

Islamic ELN

A structured product/ instrument that is modeled on a conventional equity-linked note(ELN). The conventional one provides investors with a fixed…

Istisnaa Sukuk

Certificates of equal value (sukuk) that are issued for the purpose of mobilizing funds to be used in the production…

Ringfencing

The separation of an entity's assets or profits (or return on assets) financially without necessarily having it operated as a...

Guaranteeing Principal Repayment in Sukuk

A guarantee or undertaking (binding promise– wa’ad mulzim) by either the issuer of sukuk or the manager of sukuk-financed project/…

Qirad Sukuk

A form of musharaka sukuk that is structured based on the contract of muqaradah (mudaraba), whereby the capital (ras al-mal) is…

AT1 Sukuk

It stands for additional tier-1 sukuk; the additional proceeds from a sukuk issuance that are used to enhance an entity's...

Pre-arranged Tawarruq

A form of tawarruq (Islamic monetization) which is sought per se as a mode of investment or financing, rather than…

Muqaradah Sukuk

A form of musharaka sukuk that is structured based on the contract of muqaradah (mudaraba), whereby the capital (ras al-mal) is…

Dhaman al-Murabaha

An Arabic term for collateralization of cost-plus sale (murabaha); the process of securing murabaha by posting- or requiring the posting…