bai salam sukuk

bai salam sukuk
International
sukuk al salam, Also known as salam sukuk or bai salam sukuk.
Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets, which the seller will supply on a pre-agreed date. Usually, the financier receives a discount for advance payment (calculated with reference to a benchmark, such as LIBOR, plus a margin (bai salam)). Certificates are issued by a special purpose vehicle that entitle the holders to an ownership interest and a right to a return in proportion to their investment in the underlying bai salam.
See also

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • bai-salam sukuk — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • salam sukuk — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • sukuk al salam — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • sukuk al-salam — International sukuk al salam, Also known as salam sukuk or bai salam sukuk. Islamic finance instruments (sukuk) based on an underlying forward financing transaction where the financial institution pays in advance for buying specified assets,… …   Law dictionary

  • sukuk al musharaka — International sukuk al musharaka, Also known as musharaka sukuk. Islamic finance instruments (sukuk) based on an underlying Sharia compliant partnership or joint venture providing finance for a specified project (musharaka). Certificates are… …   Law dictionary

  • sukuk al-musharaka — International sukuk al musharaka, Also known as musharaka sukuk. Islamic finance instruments (sukuk) based on an underlying Sharia compliant partnership or joint venture providing finance for a specified project (musharaka). Certificates are… …   Law dictionary

  • musharaka sukuk — International sukuk al musharaka, Also known as musharaka sukuk. Islamic finance instruments (sukuk) based on an underlying Sharia compliant partnership or joint venture providing finance for a specified project (musharaka). Certificates are… …   Law dictionary

  • Islamic banking — Banking A series on Financial services …   Wikipedia

  • Islamic finance — bai al inah bai salam (forward financing) HM Revenue & Customs (HMRC) ijara …   Law dictionary

  • Glossary of Islamic terms in Arabic — The following list consists of concepts that are derived from both Islamic and Arab tradition, which are expressed as words in the Arabic language. The main purpose of this list is to disambiguate multiple spellings, to make note of spellings no… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”