Theory of Ijarah, Securitization and the Concept Financial Certificate

  • Ahcene LahsasnaEmail author
  • M. Kabir Hassan
  • Rubi Ahmad


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.

Ijarah Ijarahsukuk Securitization Financial certificate Tradability Secondary market Asset Usufruct 


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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.Salihin Shariah AdvisoryKuala LumpurMalaysia
  2. 2.Department of Economics and FinanceUniversity of New OrleansNew OrleansUSA
  3. 3.Department of Finance and Banking, Faculty of Business and AccountancyUniversity of MalayaKuala LumpurMalaysia

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