The study found the ijara structure tended to draw a positive reaction from the stock market, with the shares of companies using that structure performing relatively well.
Ijara is a lease-based transaction where the originator sells assets to a special-purpose vehicle, which issues sukuk certificates to obtain money to pay for the assets; actual ownership of the assets does not necessarily change hands.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!