sukuk al-salam

sukuk al-salam
International
Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets, which the seller will supply on a pre-agreed date. Usually, the financier receives a discount for advance payment (calculated with reference to a benchmark, such as LIBOR, plus a margin (bai salam)). Certificates are issued by a special purpose vehicle that entitle the holders to an ownership interest and a right to a return in proportion to their investment in the underlying bai salam.
See also

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • sukuk al salam — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • sukuk al musharaka — International sukuk al musharaka, Also known as musharaka sukuk. Islamic finance instruments (sukuk) based on an underlying Sharia compliant partnership or joint venture providing finance for a specified project (musharaka). Certificates are… …   Law dictionary

  • sukuk al-musharaka — International sukuk al musharaka, Also known as musharaka sukuk. Islamic finance instruments (sukuk) based on an underlying Sharia compliant partnership or joint venture providing finance for a specified project (musharaka). Certificates are… …   Law dictionary

  • salam sukuk — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • sukuk — are financial instruments, such as certificates, that have economic similarities to bonds but are structured so as to comply with Sharia. Corporate sukuk are sukuk issued by a body corporate, rather than a sovereign issuer. The singular of sukuk… …   Law dictionary

  • musharaka sukuk — International sukuk al musharaka, Also known as musharaka sukuk. Islamic finance instruments (sukuk) based on an underlying Sharia compliant partnership or joint venture providing finance for a specified project (musharaka). Certificates are… …   Law dictionary

  • bai salam sukuk — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • bai-salam sukuk — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • Islamic banking — Banking A series on Financial services …   Wikipedia

  • Islamic economic jurisprudence — Part of a series on Islamic jurisprudence (Fiqh) …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”