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

Happiness is not something ready made. It comes from your own actions ( Dalai Lama).

Humour Without Malice

Someone said to someone by the name Ashab, "If you were to relate traditions and stop telling jokes, you would be doing a noble thing." "By God!" answered Ashab, "I have heard traditions and related them." "Then tell us", said the man. "I heard from Nafai," said Ashab, "on the authority of such-and-such, that the Prophet, may God bless him, said, "There are two qualities, such that whoever has them is among God's elect." "That is a fine tradition," said the man. "What are these two qualities?" Nafai forgot one and I have forgotten the other," replied Ashab.

Hikmah

Gentle.kindness [rafiq] graces whatever it enters, and whatever is deprived of it is disgraced. (hadith)

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