Theory of Ijarah, Securitization and the Concept Financial Certificate

Abstract

This chapter focuses on the theory of ijarah, securitization, and the concept of the financial certificate. It provides a foundation of Ijarah sukuk, where the theory of ijarah is discussed and illustrated along with its types, principles, and Shariah rulings. The chapter covers important issues such as Ijarah sukuk with its different portfolios, securitization and financial certificate, and the tradability of Ijarah sukuk in the secondary market.