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Sukuk al-Wakalah

Arabic (صكوك الوكالة) for agency certificates; a type of sukuk (pl. of sakk) in which the underlying contract is wakalah....

Sukuk al-Waqf

Arabic (صكوك الوقف) for endowment sukuk; sukuk which use waqf (waqf assets – mawqoof) as underlying asset. In this sense,...

Sukuk al-Intifa’a

Arabic (صكوك الانتفاع) for sukuk whose underlying is intifa’a, i.e., utilization of an asset, without the right to dispose of...

Sovereign Sukuk

In Arabic (الصكوك السيادية). Sukuk (plural of sakk) that are issued by governments (through their central banks or monetary agencies...

Corporate Sukuk

Sukuk which are issued by the corporate sector in a country, whether in local or foreign currencies. These sukuk help...

Variable Rate Redeemable Sukuk

A type of sukuk whose underlying contract is musharakah, and as such have a relatively stable rate as compared to...

Exchangeable Sukuk

A type of sukuk structure in which sukuk certificates have an embedded option giving the sukuk holders the right, without...

Convertible Sukuk

A type of sukuk structure in which sukuk certificates have an embedded option giving the sukuk holders the right, without...

Subordinated Sukuk

A type of sukuk structure in which sukuk certificates give sukuk holders residual claim over the assets financed by their funds. This claim ranks...

Asset-Light Sukuk

A sukuk structure that involves intangible assets as underlying, or in which the requirement of tangible assets is minimal. Companies that do not have much fixed...