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Non-Convertible Sukuk

A type of sukuk structure in which sukuk certificates extend no option to the sukuk holders to convert the sukuk...

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...

Ring-Fencing

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

Sub Sukuk

A type of sukuk structure in which sukuk certificates give sukuk holders residual claim over the assets financed by their…

Musharakah Term Finance Certificate

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

Sukuk al-Wakalah Bil Istithmar

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

Wakala Sukuk

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