Sukuk worldwide by Zubair Mughal

Top 20 FREQUENT WORDS

musharaka 22 sukuk 22 structure 12 issuer 11 tid 11 musharakah 10 acit 9 management 9 assets 8 purchase 7 contracts 6 finance 6 profit 6 receivables 6 securitization 6 agreement 5 investment 5 vehicles 5 account 4 agreed 4 customers 4 distribution 4 fee 4 hamila 4 ijarah 4 investors 4 lease 4 limited 4 manager 4 payments 4 principal 4 sale 4 undertaking 4

DOCUMENT KEY POINTS

• sukuk type musharaka musharaka partners tid and issuer each musharaka partner s entitlement to the musharaka assets will be undivided ownership of the musharaka assets
• management agent tid obligor tid musharaka assets all tangible and intangible assets of musharaka including all assets acquired after from or through the application of the capital contribution

• issuer contributes of capital in cash while tid will contribute of the capital in kind in the form of vehicles which will be valued at their actual value
• purpose of the musharaka will be to earn profit from the application of capital contributions in accordance with the musharaka business plan

• tid will execute a purchase undertaking in favor of the issuer in which it undertakes following the giving of an exercise notice by the issuer to purchase of the initial amount of the issuer s units at exercise price on each periodic distribution date or on the occurrence of an dissolution event
• units of musharaka will be sold under decline musharaka concept to tid such that entire musharaka units are ultimately owned by tid

• al hamila i limited container payments manufacturer china sukuk subscriptions sukuk investors title al hamila i ltd jersey c
• guarantee rent leases deliveries container multi container management investment ltd

• it is an independent family owned conglomerate operating in diverse sectors such as automotive lubricants and greases financial services integrated technology solutions building materials and systems drums and industrial packaging heavy equipment and machinery real estate i alhamrani united company auc is the sole agent and distributor of nissan cars in the ksa
• i al hamrani company for investment in trade ltd acit is an independent company and provides financing solutions to the customers of alhamrani group companies

• i key documents a the diminishing musharakah sale agreement dmsa and the management and servicing agreement msa i under the dmsa the investors and acit agree to jointly invest in the origination and funding of shariah compliant instalment sales leasing contracts of nissan and tata capped at automobiles i under the msa acit is the sole manager responsible for managing and operating the musharakah and originates finance contracts based on pre agreed eligibility criteria for personal customers and fleet customers
• i diminishing musharakah structure a ie investors are repaid their principal in full by the end of the musharakah

• receivables securitization a musharaka structure i all payments relating to the finance contracts are collected by the manager on behalf of the musharakah and the funds will be paid into a collection account in favour of the musharakah through a a waterfall mechanism

• receivables securitization a musharaka structure suppliers investors deferred vehicles finance payments contracts msa customers pns manager musharaka profit principal installments acit pledge car sale assignment of pns profit reserve collection principal account
• account acit management fee balancing additional incentive fee account

• i pressure on financial institutions on underwriting new debt issues i fi liquidity squeeze i funding base of fis changed from libor to libor pricing i immediate impact on debt markets i widening of credit spreads i more stringent covenants
• sub prime mortgage crisis on sukuk markets i is the worst over i clear assessment of the size of questionable assets in usa globally and in gcc still remains to be unknown

Please note, This is an auto generated summary based on sentances position in the document and other factors

DOCUMENT WORD ANALYSIS

Main Category

AlHuda Material\sukuk islamic

KeyWords

fund islam invest shariah equities asset manage stock index companies global marketability production return risk investor countries sharecropping busi financi

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DOCUMENT REFERENCES

Number of Pages

15

Published Date

2016-09-17 00:55:41

Full Document

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