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.

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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

One day, Mulla Nasruddin said to his friends, "If I die, burry me in an old grave". "Why?", asked his friends. "Because", he explained, "if the angels come, I'll tell them that I died years before and have already been questioned and then they will return the way they came".

Hikmah

The best among Muslims are those who are best in character.

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