Asset Securitization Sukuk and Islamic Capital Markets: Structural Issues in These Formative Years

This article describes investment funds used to make investments in the United States, lease (ijara) investment structures used for real estate investments in different jurisdictions (including the early development of those structures), and the equity investment paradigm (including applicable tests) for making Shari`ah-compliant equity investments as set forth in the leading fatwa on the topic. It also summarizes the primary considerations concerning conventional asset securitizations, several sukuk structures along with related case studies in