Structural Break-Up Int'l Corporate Sukuk Issuances (Jan 2001-March 2015, USD Millions)

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Structural Break-up intl Corporate Sukuk

Issuances (Jan 2001-March 2015, USD Millions)

Sukuk Al Wakalah; 8.79; 13%

Hybird Sukuk; 7.56; 12%

Islamic Exchangeable Sukuj; 4.04; 6%

Sukuk alMusharakah; 11.41; 17%

Sukuk Al Ijarah; 18.85; 29%

Sukuk Al Murabahah; 6.84; 10%

Sukuk Al Mudharabah; 7.83; 12%

Global sukuk Insurrance


800,000
700,000
600,000
500,000
400,000
300,000
200,000
100,000
-

Securitization of nonmortgage Asset Classes 2001-1


Hight Yield CLOs

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

Purchase/ Sale undertaking


Exercise Price/ sale of Ijara Assets

)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

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