Islamic Securitization Economic Risk Factors in Shari'ah View

Despite the Economic closeness of overall concept, Sukukization (Islamic Securitization) is not equal to "Securitization" as it is known in its conventional sense. Securitization, generally relates to the converting of loans of various sorts into marketable securities by packaging the loans into pools and then selling shares of ownership in the pool itself. Sukukization, on the palm; refers to, Islamic Sukuk Investment (as defined by AAOIFI) are certificates of equal value representing undivided shares in ownership of tangible assets, usufruct and services. More information: click here.