In this paper the authors introduce a new Islamic Financial instrument, namely inventory certificates based on inventory of big corporations to be financed and owned by investors. The proposed instrument, as the authors indicate, is intended to resolve the problems of Islamic business institutions with the working capital finance in general, as well as liquidity management of Islamic banks in particular.
The main purpose of the workshop was to envisage various models or structures of organizing business that retain the beneficial aspects of limited liability while avoiding the misuse of the concept. Accordingly the objectives set for the workshop were as follows: 1. Revisiting the debate on the shariah viewpoint of juridical person and limited liability; 2. Understanding advantages and benefits of limited liability to economy and business (public) in general and to promoters, shareholders, and employees in particular; 3. Discussing disadvantages and misuses: causes and extent; 4.
The article identifies the incorrect practices in Sukuk experience that ought to be removed, in order to ensure the Islamic authenticity of such an instrument. The article seeks to look at possibilities of employing