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Withdrawal Risk

A type of risk that an Islamic financial institution (IFI) faces in consequence of another type of risk known as...

Perpetual Tier 1 Mudaraba Sukuk

A sukuk issue (mudaraba sukuk) that has mudaraba (contract, arrangement, etc.) as underlying and does not mature and hence sukuk...

Perpetual Mudaraba Sukuk

A sukuk issue (mudaraba sukuk) that has mudaraba (contract, arrangement, etc.) as underlying and does not mature and hence sukuk...

Substance and Form

In accounting, substance of a transaction/ event implies its actual and original nature and economic reality, while form (legal form)...

Contingency Endowment

A type of waqf (endowment) in which the yield (ghallah) is held in reserve so that it can be used...

Contingency Waqf

A type of waqf (endowment) in which the yield (ghallah) is held in reserve so that it can be used...

Participatory Investment Instrument

An instrument (or an account) that is held by an investor/ investment accountholder (e.g., depositor of funds) under a profit...

Syndicated Murabaha Financing Facility

A murabaha-based financing facility whereby funds for the purchase of the asset (commodities, durable assets, etc.) are provided by a…

Sukuk Issuer

A market player/ participant that ultimately issues sukuk to the market, usually on behalf of an originator. An Islamic financial...

Sukuk Principal Issuer

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