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Phase 01 — Explore

Read every sukuk structure clearly.

Switch between Ijara, Wakala, Murabaha and Mudaraba to see the parties, the cash flows, and where the Shari'a triggers sit.

Sukuk proceedsPeriodic distributionLease assetLease rentalsOwnershipInvestorsSukuk holdersSPVIssuer / LessorOriginatorLesseeUnderlying assetReal estate / equipment

Ijara. The SPV buys the asset, leases it to the originator, and rental payments flow back to investors as the periodic distribution.

Cash flow
Asset / contract
Ownership