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Understanding Sukuk BBA Mechanisms by Naim Humble is a document available to read on EtoBox.

What is Understanding Sukuk BBA Mechanisms about?

The document discusses Sukuk BBA (Bai Bithaman Ajil), an Islamic financial certificate. Sukuk BBA is based on a Bai Bithaman Ajil contract and proves investor ownership of assets. It is created as an alternative to interest-based bonds forbidden in Islamic law. The creation process involves the issuer selling assets to investors for cash, then buying them back on credit. This establishes a debt obligation for the issuer to issue Sukuk BBA certificates to investors. The document outlines the various parties,

Author

Naim Humble

Language

EN