IAIS Malaysia

Asset-backed vs asset-based sukuk

Sukuk are Islamic certificates of investment. They signify co-ownership of productive resources, known as the “underlying assets.” Because income to sukukholders is generated by trading or real investment rather than mere lending, sukukholders earn profit rather than interest. As co-owners of productive assets, sukukholders face the risks of ownership. In particular, they face the risk that their assets may not generate profits or that may even incur losses. They also face the risk that the assets may be damaged or destroyed completely........... Download the full article in pdf attachment (below)

Abdul Karim Abdullah

Abdul Karim Abdullah @ Leslie Terebessy is an Assistant Research Fellow at IAIS Malaysia.

Publications Catalogue

Quotable Quotes

Embroidering meaningless things is to mislead simple minds. Definite benefits should not be sacrificed for imaginary harms.Forgetfulness is also a bounty. It allows one to suffer the pains of only one day, and causes the rest to be forgotten. Bediuzzaman Said Nursi, Seeds of Reality

Humour Without Malice

This is a real incident from Trinidad. Seeing the success of a halal meat grocery store owner, a neighboring meat store owner with a different faith decides to introduce halal meat in his own store. He puts up a huge sign on his shop saying "Halal Meat, Found Here". Curious, some Muslims decide to find out how the meat was halal. When the owner was asked where he gets the halal meat from, he says that he slaughters the animal by himself. Surprised, the Muslism ask, and what do you say when you slaughter. He says, "I say 'Halal' and cut the animal".

Hikmah

In the name of God, I put my trust in God. O God, I seek refuge in Thee lest I stray or be led astray or cause injustice or suffer injustice or do wrong or have wrong done to me!- Hadith: Fiqh-us-Sunnah, Volume 2, Number 67b.

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