Sukulaistermien

Sukulaistermien refers to a set of terms used in the context of Sukuk, which are a type of Islamic bond or security. These terms are derived from Arabic and are used to describe the various components and characteristics of Sukuk. Understanding these terms is essential for anyone involved in the Sukuk market, whether as an investor, issuer, or intermediary.

The primary sukulaistermien include:

1. Sukuk: The term "Sukuk" itself means "bonds" in Arabic. It refers to a financial instrument that represents a claim on the income or assets of an issuer, similar to traditional bonds.

2. Shariah-compliant: Sukuk are structured to comply with Islamic law, or Shariah. This means they must adhere to certain principles, such as prohibition of interest (riba) and uncertainty (gharar).

3. Murabaha: This is a type of Sukuk where the issuer purchases goods or assets and sells them to investors at a markup. The investors then pay the issuer the purchase price in installments.

4. Ijarah: This refers to a Sukuk where the issuer leases assets to investors, who then pay rent to the issuer. The assets are typically sold back to the issuer at the end of the lease period.

5. Istisna: This is a Sukuk where the issuer provides goods or services to investors, who then pay the issuer in installments. The goods or services are typically sold back to the issuer at the end of the agreement.

6. Mudaraba: This is a Sukuk where the issuer and investors share the profits and losses of a business venture. The issuer provides the capital, while the investors provide the labor or expertise.

7. Ijara with Option to Buy: This is a Sukuk where the issuer leases assets to investors, who then have the option to purchase the assets at the end of the lease period.

Understanding these sukulaistermien is crucial for navigating the Sukuk market and ensuring compliance with Islamic law.