Istisna sukuk are certificates that carry equal value and are issued with the aim of mobilizing the funds required for producing products that are owned by the. The same type of contract applies to sukuk. In a mudaraba sukuk, the sukuk holders are the silent partners, who don’t participate in the management of the. Istisna sukuk structures have been widely accepted for manufacturing and construction financing purposes. This paper looks at the structural development of.

Author: Fezragore Kigarisar
Country: Grenada
Language: English (Spanish)
Genre: Life
Published (Last): 25 July 2009
Pages: 419
PDF File Size: 11.99 Mb
ePub File Size: 16.8 Mb
ISBN: 818-8-25156-207-1
Downloads: 42412
Price: Free* [*Free Regsitration Required]
Uploader: Virisar

Malaysia International Islamic Financial Centre (MIFC) :

Secondly, the sykuk of raw materials and tools falls upon the manufacturer. Default Penalty – An Alternative. Theory of Islamic Economics: Riba An Nasiyah – Explained. Progress in Poverty Eradication: Theory of Islamic Economic: Inflation and Poverty Alleviation. Comments on the Objectives of Fiscal Policy.

Sukuk al-Istisna

Under an istisna, it is important that the price and specification of the good to be manufactured are agreed at the outset. Islamic Law of Contracts and Gharar. Comments on Discounting of in Project Evaluation.


Once the asset is constructed, the SPV enters into an agreement with the originator to lease the asset to the originator. Role for Muslims Globalization: Population – Evidence from History. Abstract Istisna sukuk structures have been widely accepted for manufacturing and construction financing purposes. Islamic banks as financial intermediaries. The SPV holds the assets in trust for the sukuk holders who each own a proportionate interest in the assets in accordance with the value of their investment.

Sukuk and Tawarruq Contracts in Islamic Finance. Legal Framework for an Islamic Financial System. Gender and the Hudood Ordinances. Provident Fund Balances of the Employees.

The Structural Development of Istisna Sukuk from a Shariah Perspective

Genesis of Islamic Banking in Bangladesh. Loans to Small Farmers.

The Future Theory of Islamic Economics: Some Points to Ponder. Mudarabah as a Sukuj of Finance. The certificate holders own the product and are entitled to the sale price of the certificates or the sale price of the product sold on the basis of a parallel Istisna, if any.

Discussion isfisna Discounting of in Project Evaluation. Musharakah as substitute for regular overdraft. Risk Assumption by Employees. Nature and Content of Islamic Economics. International Transactions at Government Level. Pakistan Raising the Ceiung: The SPV finances the purchase of these assets with the proceeds of a sukuk issuance. An Islamic Perspective on Discounting. Ijarah — The Parties.


Sukuk al-Istisna –

Pakistan Specialised Financial Institutions: Central Waqf Act, India. Malaysia The Future — Vision A Proposal Islamic Istiisna System: How Islamic Banks Operate. Takaful — Mudarabah Model.

Negation of Excessive Pursuit of Wealth. Mechanism of Fiscal Policy. Applies only on and from delivery of the Assets.

Factors Affecting Poverty in Pakistan.

The SPV uses the rental payments to make payments to the sukuk holders. The World Bank Document. Difference between Islam, Capitalism and Socialism. Foreign Branches of Pakistani Banks. Published Apr 1, Suuk on Public Finance. Issues Relating to Musharakah. A Brief Introduction to Islam. Tabung Haji Saving Procedures: