What is collateralized commodity Murabahah?
A type of murabahah (cost-plus sale) which is secured by an issue of sukuk as collateral. It provides an alternative for unsecured commodity murabahah in inter-bank lending markets. It can also be expanded to facilitate daily Islamic money market operations in the interbank market. …
What is sukuk Murabahah Programme?
0 million in nominal value (“Sukuk Murabahah Programme”). The Sukuk Murabahah may be issued in one or more tranches and within each tranche, one or more series may be issued. The Sukuk Murabahah will be issued under the Shariah principle of Murabahah based on commodity trading (via a Tawarruq arrangement).
What is Tawarruq concept?
Tawarruq is a financing arrangement where customer will be receiving cash at the end of it for his needs through a series of sale transactions.
What is wakalah contract?
S 8.1 Wakalah refers to a contract where a party, as principal (muwakkil) authorizes another party as his agent (wakil) to perform a particular task on matters that may be delegated, with or without imposition of a fee.
What is subordinated sukuk Murabahah?
(a) Mumtaz Rakyat (acting as the Issuer) shall then issue Subordinated Sukuk Murabahah which evidences the Sukukholders’ ownership in the Commodities and subsequently once the Commodities are sold to the Purchaser the entitlement to receive the Deferred Sale Price which shall be equivalent to the Purchase Price plus …
What is sukuk explain the structure of sukuk?
What are Sukuk? To structure sukuk, the entity seeking to raise finance (“originator”), will typically incorporate a special purpose vehicle (SPV), and transfer title to the assets it intends to finance through sukuk. The SPV will then issue sukuk and use the funds raised to pay the originator for the assets.
What is Bai Muajjal in Islamic banking?
Bai-Muajjal may be defined as a contract between a Buyer and a Seller under which the Seller sells certain specific goods permissible under Islamic Shari’ah and Law of the land) to the Buyer at an agreed fixed price payable at a fixed future date in lump sum or within a fixed period by fixed instalments.