Professional Documents
Culture Documents
Structural Break-Up Int'l Corporate Sukuk Issuances (Jan 2001-March 2015, USD Millions)
Structural Break-Up Int'l Corporate Sukuk Issuances (Jan 2001-March 2015, USD Millions)
Structural Break-Up Int'l Corporate Sukuk Issuances (Jan 2001-March 2015, USD Millions)
Student Loans
Credit cards
CMBS
Automobiles
250
200
150
100
50
0
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Lease o
Rental Payment
)Schedule Dissolution Date/ Tax Redemption Date/ Change of Control Put Option Date/ Dissolution Event Rede
Agreements
Cash Flows
Certificate
s
Certificate
s
Proceeds
Periodic
Distributio
n
Amounts/
Declaration agency
Issuer
In-Kind
contributio
n
Security
Over
assets
Cash
contribution
Procurement
Agreement
Certificates issue
proceeds
Certificates
Periodic distribution
amounts, Fixed
distribution amounts, early
distribution amounts, and
additional distribution
amount and additional
termination distribution
amount (in each case as
Cash
contribution
Advance rental
Payments and
rental Payments
Lease termination
sum or total loss
shortfall amount (if
applicable)
Issuer procurement
termination sum plus
additional issuer
procurement termination
sum (if applicable)
Forward
agree
4.Issuance of
sukuk Al-intifa
Land
Owner
(gov KSA)
1. Ijarah
contract on
use of land
(bot
concept)
THE DEVELOPER
Payment.5
for lease of
land
Proceeds from
sukuk
issuance
3. Payment for
rental (forward
leasing)
2. Sells of right
of future use of
the unit
SUKUK al-intifa
6. Development
cost
SUKUK Investors
The complex
7. Right to use (time-use) by
the sukuk holders