sukuk al-mudaraba

sukuk al-mudaraba
International, USA
A form of sukuk derived from the mudaraba partnership structure. In a sukuk al-mudaraba:
• The party seeking financing (the mudareb) enters into an agreement with a special purpose vehicle (SPV) to manage certain assets owned by the SPV.
• The SPV acquires the assets to be managed using the proceeds of a sukuk issuance.
• The mudareb receives a fee for managing the assets but is not responsible for any investment losses which are borne solely by the SPV.
• In some cases, the mudareb may also receive a portion of the profits.
• The SPV uses the profits from the investments to make payments to the sukuk holders.

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

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • sukuk al mudaraba — International, USA A form of sukuk derived from the mudaraba partnership structure. In a sukuk al mudaraba: • The party seeking financing (the mudareb) enters into an agreement with a special purpose vehicle ( …   Law dictionary

  • Sukuk — (‏صكوك‎, DMG Ṣukūk, Plural von ‏صك‎ / Ṣakk) sind islamische Anleihen, bei denen keine Zinsen auf das angelegte Kapital gezahlt werden. Sukuk ist ein Instrument des Islamischen Bankwesens. Inhaltsverzeichnis 1 …   Deutsch Wikipedia

  • Sukuk — (Arabic: صكوك, plural of صك Sakk, legal instrument, deed, check ) is the Arabic name for a financial certificate but can be seen as an Islamic equivalent of bond. However, fixed income, interest bearing bonds are not permissible in Islam, hence… …   Wikipedia

  • 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

  • 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

  • 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-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

  • 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

  • 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

Share the article and excerpts

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