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

A poor man is like a foreigner in his own country (Sayyidina Ali ibn Abi Talib).

Humour Without Malice

A men fell on the ground, and soon after fell down again. He said to himself: "Had I known I was going to fall a second time, I would have not gotten up so soon."


God the Most High loves it when someone brings happiness to a believer by satisfying his hunger, dispelling his worries, or paying off his debt. (hadith)

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