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An agreement often used to finance projects including manufacturing, construction and infrastructure where the payment is either deferred or immediate with the delivery of the project deferred until completion.
A flexible partnership contract between two or more parties who all contribute capital towards the funding of a project or asset. Profits are pre- agreed with any losses being shared on the basis of the contributed capital.
A parallel contract to an existing Salam contract to hedge the Salam position. The contract is often for an outright sale with deferred delivery but could be arranged with payment at a later date using a Letter of Credit or guarantee to secure the payment.
Plural of the Arabic word Sakk meaning certificate. Sukuk is a certificate representing a participation and ownership rights in an underlying asset. Sukuk are often referred to as an Islamic Bond however there are some inherent differences.