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.

Hikmah

Wisdom is the stray beast of the faithful - take it wherever you find it. (hadith)

Quotable Quotes

The challenge is how to educate the detractors of Islam about the sophisticated tradition of Islamic thought so that they can distinguish the religion from those Muslims who are equally ignorant and violate all its principles. - Robert D. Crane

Humour Without Malice

Ahmad was speaking to his friend and shared his hapiness with him. So he said that he is fortunate to have been given two very special gifts in life. The friend was listening - there was a pause. He then asked: what are they Ahmad?Ahmad replied: one is a very good memory that God has given me. Ahmad paused again, and when his friend asked: what is the second one? Ahmad replied: Oh, wait a minute, I am trying to remember!

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