Sukuk Innovation

8/8/2019 Sukuk Innovation

http://slidepdf.com/reader/full/sukuk-innovation 1/34

_hh Annmubvamns

jq<

Ybn B Zbdag HbgakAOG Omnskvbnv+ _cozavacs Omggassamn Gbkbqsab



Obpavbk Gbzhcv< Pzmfovs

% Ansvzgcnvs

OCZV ::':? Gbq :009 :

• Bksm hnmyn bs Askbgao jmnfs ' jv jcvvcz fcsozajcf bs

‛Vzsv Oczvaeaobvcs‗ mz ‛Pbzvaoapbvamn _cozavacs‗• ‛ Izbnv anucsvmz b sdbzc me bn bsscv bkmni yavd vdc

obsdekmys bnf zash omggcnszbvc yavd sod mynczsdap‗

• Pzcsozajcf bs ‛scozavacs‗ nfcz vdc Askbgao _cozavacsIafckancs vm iauc yafcz fceanavamn

• Obn jc omnsasvcnv yavd omnucnvamnbk bsscv'jbohcf

scozavacs $BJ_! mz omnucnvamnbk nscozcf kcnfani ‟fcpcnfani mn vdc svzovzcs




% Ansvzgcnvs

OCZV ::':? Gbq :009 ?

• Ezmg _dbzabd pczspcovauc+ Askbgao eanbnoani sdmkf mnkq jc

zbascf emz vzbfani an spcoaeacf bnf afcnvaeacf _dbzabdomgpkabnv bsscvs

• An icnczbk+ vzbfani me anfcjvcfncss as pzmdajavcf+ nkcss avas vzbfcf bv pbz• Gaffkc Cbsv bnf smgc mvdcz lzasfaovamns mnkq bkkmy

fcjv vzbfani bv pbz• Gbkbqsab ‟ vzbfani me anfcjvcfncss as pczgassajkc bv

bnq ubkc pzmuafcf vdc nfczkqani omnvzbov as _dbzabd

c.i. Jba‑ Javdbgbn Blak - Jba‑ Fbqn

• Zcvzn emz anucsvgcnv an shh an gmsv obscs bzc kanhcf vmobsd ekmys bnf pczemzgbnoc me nfczkqani bsscvs




% Ansvzgcnvs

OCZV ::':? Gbq :009 6

Pmssajkc Omnvzbovs emz Pzmlcov Enfani

Nccfs

• Omnsafcz b zcnvbk me vdc bsscv ansvcbf me b sbkc<

• Pzmlcov zcnvs av ezmg mvsmzocf pbzvq8

• Bovbkkq anucsvmzs pzodbscf vdc bsscv bnfzcnvs av vm vdc pzmlcov+ vds<

• Mjlcovauc me sc me bsscv bodacucf8• Anucsvmzs sjlcov vm sagakbz obsd'ekmy zash ae

av dbf imnc anvm b gzbjbdbd omnvzbov8

• Bv cnf me pczamf+ pzmlcov omgpbnq omkf mpvvm pzodbsc vdc bsscv+ omnsafczani vdbv avymkf dbuc bkzcbfq pbaf an ekk.




% Ansvzgcnvs

OCZV ::':? Gbq :009 3

• Jcsv bodacucf vdzmid bn Bsscv Jbohcf

_cozavasbvamn $‛BJ_‗! ctczoasc<• Ydbv rbkaeacs bs bsscvs=

• Anucsvgcnv cnvzacs vdzmid Pbzvaoapbvmzq Omnvzbovs8

• Nccf vm omgpkq yavd iafckancs mz zcikbvamns mnBJ_.






% Ansvzgcnvs

OCZV ::':? Gbq :009 9

Ydbv bzc Pbzvaoapbvmzq Omnvzbovs= _od bs

‥

Pbzvaoapbvmzq Omnvzbovs

$zash pbzvaoapbvamn!

Gfdbzbjbd mz Vzsv Kmbn'Anucsvgcnvs<

Omnvzbov jcvyccn enf myncz bnf cnvzcpzcncz

ydczcjq zcvzns bzc pzc'bizccf jbscf mn pzmeavbodacucgcnvs jv kmsscs jmznc lsv jq obpavbk pzmuafcz.

Cnvzcpzcncz mnkq pzmuafcs gbnbicgcnv ctpczvasc.

Gsdbzbhbd mz Lmanv Pbzvaoapbvamns<Pmmkani me obpavbk zcsmzocs bgmni scuczbk pbzvacs

jbscf mn pzc'bizccf pzmpmzvamns me pzmeav fasvzajvamns

bnf kmsscs jmznc boomzfani vm cravq omnvzajvamns.




% Ansvzgcnvs

OCZV ::':? Gbq :009 4

Bppkaobvamns

• Vdcsc bzc ctvcnsamns vm cravq'zckbvcf ansvzgcnvs.

• Gsdbzbhbd as okmsc vm lmanv pbzvaoapbvamns8• Gfdbzbjbd as b scga'cravq scga'fcjv

ansvzgcnv.

• Obn jc bppkacf vm nccfs nmzgbkkq zbascf nfczsjmzfanbvcf fcjv svzovzcs.




% Ansvzgcnvs

OCZV ::':? Gbq :009 1

Pbzvaoapbvmzq Omnvzbovs

| Pbz v a oapb v m z q Omn v z bov s m e<

2. Gsdbzbhbd mz icnczbk pbzvnczsdap nfczpzmeav'kmss sdbzani emzgkb. Pbzvnczs<

_dbzc pzmeavs an boomzfbnoc yavd pzc'bizccfpzmpmzvamns bnf nmv ncocssbzakq jbscf mn obpavbk

anucsvgcnv8

Jcbz kmsscs an pzmpmzvamn vm obpavbk omnvzajvamn.

Pbzvnczs gaidv emzim zaidvs vm gbnbicgcnv vm mvdczpbzvnczs.

Gbnbiani pbzvncz kabjkc emz kmsscs fc vmgasgbnbicgcnv mz yzmni jsancss lfigcnvs.




% Ansvzgcnvs

OCZV ::':? Gbq :009 20

: . Gsf dbz bjbd

Vzsvcc anucsvgcnv omnvzbov vdbv as scga'cravqbnf scga'fcjv an nbvzc.

• Gbzzabic jcvyccn obpavbk bnf cnvzcpzcnczsdap8

• Pzmeav sdbzani omnvzbov ydczcjq<

• mnc pbzvq+ vdc obpavbk pzmuafcz mz zbjj bk g bk pzmuafcs vdc ncocssbzq obpavbk emz vdc ucnvzc+

• Vdc mvdcz pbzvq+ vdc gfdbzaj + pzmuafcs vdcctpczvasc emz vdc ucnvzc.

• Pzmeav sdbzani nmv jbscf mn obpavbk jv jbscf mnpzc'bizccf pzmpmzvamn me bodacucf pzmeavs.

• Icnanc jsancss kmsscs jmznc an cnvazcvq jq zbjj bk gbk.




% Ansvzgcnvs

OCZV ::':? Gbq :009 22

• Bsscv Jbohcf _cozavasbvamns<

• Ozcbvc ncy mppmzvnavacs vm pmpkbzascgfdbzbjb mz razbf+ bnf-mz gsdbzhbd omnvzbovs+• Bjakavq vm zani'ecnocf zashs yavd gmzc scozcf omnvzbovs

sod bs a lbzbd+ gzbjbdb+ sbkbg mz mvdcz omgpmnfcfomnvzbovs me ctodbnics+ ydczcjq

• Zashs gavaibvcf vdzmid scozcf obsd'ekmy svzcbgsbnf yavd kcsscz mpczbvamnbk bnf ozcfav zashs+

• Gmzc sdbza‑bd omgpkabnv fc vm _pcoabk PzpmscUcdaokc anumkucf an fazcov anucsvgcnvs mz jsancssbovauavacs ‟ bumafbnoc me Jba‑ bk Fbqn asscs.




% Ansvzgcnvs

OCZV ::':? Gbq :009 2:

_pcoabk Pzpmsc Ucdaokc

$‛_PU‗!$Gfdbzaj!

Gfdbzbjb

mz GsdbzbhbdOczvaeaobvcs

Pmmk me Anucsvmzs

$Zbjj bk Gbk mz Gsdbzhbd

Pbzvnczs!

_ j s o z a p v a mne mz O c z v a e a o b v c s $ & !

Fazcov Anucsvgcnvs

vdzmid albzbd+

gzbjbdbd mz mvdczzcbk csvbvc jsancsscs mz

vzbfani bovauavacs

Obsd'ekmy svzcbg $&!

Pzmeav Fasvzajvamn

C t p c n s c s e mz g c c v a n i m p c z b v a mn b k

z c r a z c g

c n v s

2

:

?

6

3

5

9

?




% Ansvzgcnvs

OCZV ::':? Gbq :009 2?

2. _bkc me bsscv vm vdc _PU ‟ Vzc _bkc

:. _PU asscs bsscv'jbohcf scozavacs vm anucsvmzs

?. Pzmoccfs ezmg vdc sbkc me BJ_ im vm vdc Mzaianbvmz

6. $Anvczcsv! % pzanoapbk zcpbqgcnvs vm Anucsvmzs

2.

:.

?.?b.

6.




% Ansvzgcnvs

OCZV ::':? Gbq :009 26

• Vzc sbkc ‟ kcibkkq jckmni vm _PU

• Nmn'zcomzsc shh - BJ_ ' ozcfav zash pczemzgbnoc as

fcvczgancf smkckq jq nfczkqani bsscv

• _PU ‟ jbnhzpvoq zcgmvc $anfcpcnfcnv!

• Omzzcspmnfcnoc me anomgc svzcbgs yavd bovbk anomgcbnf ubkc me vdc bsscvs

• Zbvanis bzc pzagbzakq fcpcnfcnv mn b zash bnbkqsas me vdc

bsscvs mz pczemzgbnoc me bsscvs

• Snakbvczbk pzodbsc nfczvbhani $ae bnq! ‟ bv gbzhcv ubkc




% Ansvzgcnvs

OCZV ::':? Gbq :009 23

Bgjbni_cnvmsb

:.Anucsvmz pzodbsc bsscv $iaev!

6. _bkc me bsscv mn fceczzcfpbqgcnv $JJB!

3. B__J assc JBAF_ vm anucsvmz

?. Obsd

Afcnvaeacf Bsscv<Zaidvs+ vavkc bnf anvczcsv mucz vdc jbkbnoc

sbkcs pzmoccfs me vym fcuckmpgcnv

pzmlcovs

2. Dajbd $Iaev!Brbf Bsscv

Pzmoccfs ezmg JJBvzbnsbovamn scf vmpzodbsc Afcnvaeacfbsscv

1 Snfczkqani bsscvs vm ctcovc JJB bzc bsscvs bybzfcf jq ?zf pbzvq ‟ nccf vbniajkcbsscvs vm bumaf fcjv'emz'fcjv vzbnsbovamns ydaod as pzmdajavcf jmvd an Gsab bnfanvcznbvamnbk

? Obsd ekmy as svakk jbscf mn zcocaubjkcs



Obpavbk Gbzhcv< Pzmfovs% Ansvzgcnvs

OCZV ::':? Gbq :009 25

$VzbnsbovamnBfganasvzbvmz %

Bfganasvzbvmz!

$Mzaianbvmz %_czuaocz!

_bkc me

I_DEs

Pzodbscomnsafczbvamn

_hh asscfvm anucsvmzs

Pzmoccfsezmgshh

Zcpzcscnv_hhdmkfczs

: _bkc me Askbgao dmsc eanbnoani zcocaubjkcs

: Fcjv vzbfani ‟ smkf bv fasomnv nmv bv pbz

1 Bkvdmid anucsvmzs emzgcf bs gsqbzbhbd ucnvzc




OCZV ::':? Gbq :009 29

_hhdmkfczs_hhAlbzbd

Mzaianbvmz sckk vdc pkbnvbvamn bsscv

vm vdc Asscz

Asscz kcbscs jboh vdc pkbnvbvamn bsscv

vm vdc Mzaianbvmz

_jmzfanbvcf

Gsqbzbhbd eboakavqyavd KVBV




OCZV ::':? Gbq :009 24

:2'Lk'05290.00_hh Albzbd ,Ncpkanc _PU _fn Jdf

5'Lk'05?00.00_hh Albzbd ,BJ_ Kmiasvaos Jdf

:9'Mov'0366:.00_hh Albzbd ,Imkfcn Ozmp ZcvznsJdf

5'Lk'03:+300.00_hh GsqbzbhbdObibgbs GJ_ Jczdbf

9'Gbz'03:+300.00_hh Gsqbzbhbd

Gsqbzbhbd MncObpavbk Jczdbf

:1'Gbq'0?145.00JJB

Bgjbni _cnvmsb _fnJdf

, Anvcznbvamnbk _dbzabd omgpbvajkc svzovzc




OCZV ::':? Gbq :009 21

• Mzaianbvmz scchani eanbnoani ‛sckks‗ vdc bsscvs vm _PU emz b

ubkc crbk vm eanbnoani zcrazcf bnf kcbsc av jboh• _PU ‟ sjsafabzq me mzaianbvmz8

• Kcbsc pbqgcnvs pzmuafc eatcf anomgc svzcbg ydaod gbq jc

jcnodgbzhcf vm bn anfct - KAJMZ (8

• Omnfovcf mn nmn vzc'sbkc jbsas sm zcpbqgcnv bnfzash-pczemzgbnoc as nmv bsscv jbohcf jv mzaianbvmz jbscf8

• Pzodbsc nfczvbhani me bsscv bv gbvzavq yavd pzc'fcvczgancf ubkc8




OCZV ::':? Gbq :009 :0

• Zbvanis bzc pzagbzakq fcpcnfcnv mn vdc zashncss me vdcjmzzmycz - spmnsmz - mzaianbvmz - kcsscc8

• Bsscvs mnkq scf vm eboakavbvc _dbza‑bd omgpkabnoc.




OCZV ::':? Gbq :009 :2

_PU

_hh

Mzaianbvmz

_hh_hh

_hh

_bkc me bsscv

_hh pzmoccfs

Kcbsc % zcpzodbsc pbqgcnvsemz bsscvs

_hh pzmoccfs

Bsscv zcpzodbscPczamfao pbqgcnvs<

Kcbsc ekmys bnf pzanoapbk $uabbgmzvasbvamn-zcpzodbsc!

? Nmn'vzc sbkc ‟ omnfavamn vm zcpzodbsc bv gbvzavq

? Pbqgcnv me zcnvbk - pzmeav obn jc fczaucf ezmg albzbd mz mvdczsmzocs




OCZV ::':? Gbq :009 ::

_hh Bk Albzbd ‟ Bsscv Jbohcf

• Vdczc bzc bksm svzovzcs me shh bk albzbd nfcz bn BsscvJbohcf _ocnbzam.

• Vzc sbkc+ vdmid

• Vdc mynczsdap me vdc _PU as vzbnseczzcf vm vdc mzaianbvmz mzvdc kcssmz bv cnf me kcbsc. Mzaianbk nfczkqani sbkc dbsjccn vzc sbkc.




OCZV ::':? Gbq :009 :?

_PU

Oczvaeaobvcs me

Anucsvgcnvs

Anucsvmzs

2.Meecz emz _bkc

me scozavacs

:.

Bsscv Pzmuafcz

?. _bkc % Pzodbscme Bsscv $pbqgcnv mebsscv borasavamnOmsv S_&! Bsscv

6. Vzbnsecz me Mynczsdap me

Bsscv vm _PU

2sv Vzbnsbovamn< _PU bnf Bsscv Pzmuafcz

2sv Zckbvamnsdap< _PU bnf Anucsvmzs_vcp 2

&

Ozcbvamn me _hh bk Albzbd




OCZV ::':? Gbq :009 :6

_PU Pzmlcov Myncz2. Ctcovamn me bk

albzbd omnvzbov

B__CVB__CV

:. Zcnvbk me Bsscv mn eatcf vczg bnf eatcf

zcnvbk jbsas

Albzbd ZcnvbkMjkaibvamn

Oczvaeaobvcs$cuafcnoc me mjkaibvamns!

?. Assbnoc me albzbd zcnvbk Mjkaibvamns Pzmgassmzq Nmvcs vm _PUagpkqani obsd ekmy svzcbg mn bsscv.

_vcp :




OCZV ::':? Gbq :009 :3

_PU Pzmlcov Myncz

2.Zcikbz Albzbd Zcnvbk

Pbqgcnvs

Bsscv

3. Bsscv vzbnseczzcf vm Pzmlcov Myncz

AnucsvgcnvOczvaeaobvcs

Dmkfczs

:. _odcfkcf Fasvzajvamns me Ompmn Pbqgcnvs vm Dmkfczs

Me Anucsvgcnv Oczvaeaobvcs asscf jq _PU

?. Eanbk Zcpbqgcnv

Zcpzcscnvani Vmvbk

_cvvkcgcnv crbk vm

Anavabk Pzodbsc Pzaoc

Me Bsscv jq _PU

6. Pbqgcnv me Eanbk Bgmnv jcani eanbk scvvkcgcnv me

Mjkaibvamns nfcz Albzbd Omnvzbov




OCZV ::':? Gbq :009 :5

• Bsscvs pzodbscf jq vdc _PU bzc enfcf jq vdc assbnoc me ekmbvani zbvc Vzsv Oczvaeaobvcs+ zcpzcscnvani jcnceaoabk

mynczsdap an vdc bsscvs bnf dbuani jcnceaoabk zaidvs mn vdckcbsc8

• Spmn gbvzavq me vdc kcbsc+ _PU sckks bsscv vm vdc PzmlcovMyncz bv vdc mzaianbk pzaoc. Pzmoccfs ezmg vdas sbkc yakk jc

vakascf vm gccv vdc eanbk pbqgcnv vm anucsvmzs.




OCZV ::':? Gbq :009 :9

• _hh bk A l bzbd obn jc<

• sdmzv vczg eboakavq ansvzgcnvs a.c. bs pczsvzovzc me shhs asscf jq vdc Jbnh Ncibzbbnf-mz Imuczngcnv me Gbkbqsab vm zcpkboc V'Jakks8mz

• Gcfag vm kmni vczg eboakavacs jv yavd zcnvbkscvvanis gbfc cuczq sodcfkcf pczamfs me sbq ?mz 5 gmnvds cbod qcbz.



OCZV ::':? Gbq :009 :4Obpavbk Gbzhcv< Pzmfovs %Ansvzgcnvs

PZMLCOV

Om.

Albzbd _PU

Zcnvbk me Crapgcnv

5. Albzbd omnvzbov

Gsdbzbhbd Anucsvmzs:. Gsdbzbhbd Anucsvgcnv Bizccgcnv

?. & emz Ymzhani

Obpavbk Nccfs& Anomgc _vzcbg

9. & Albzbd Zcnvbk

Pbqgcnvs

9. & Pzmeav Pbqgcnvs

% Zcpzodbsc mz Zcfcgpvamn

me GP_

MzfanbzqCravq

_hh

Gfdbzbjbd

Eanbnoabk Anucsvmzs

3. & Pbzvaoapbvamn

Anvm Gfdbzbjbd

2.

6.

4. & Gfdbzbjbd Pzmeav

Pbqgcnvs Pzmlcov Enfani vdzmid

OMGJANBVAMN ME

PBZVAOAPBVMZQ BNF

ALBZBD OMNVZBOV_

1.&

Fauafcnfs

GS_DBZBHBDPZCECZCNOC

_DBZC_ $—GP_‑!




OCZV ::':? Gbq :009 :1

_hh

_hh

Pzmoccf $&!

_bkc me

Cravq Pmmk

_bkc Pzaoc

$Pzanoapbk!

$&!

_bkc Pzaoc

$Pzanoapbk! $&!

_bkc me

Cravq Pmmk

Obsd _cvvkcgcnv

Pzodbsc Zaidv Fccf

Fcebkv - Gbvzavq

Pzodbsc

Snfczvbhani

Fccf

&




OCZV ::':? Gbq :009 ?0

Fcvsodc650.00Ctodbnicbjkc _hhGfbzbjbdBbjbz _hh

OAGJ+ D_JOBgbnbd+ SJ_

930.00Ctodbnicbjkc _hh

GsqbzbhbdZbeekcsab Obpavbk

D_JO400.00_hh AlbzbdBFAJ _hh Om

JbzokbqsObpavbk+ FAJ

?+3:0.00Omnuczvajkc _hh AlbzbdNbhdcck Fcuckmpgcnv

Gbnbicz

Assc

_a|cS_F$gak!

EboakavqAsscz




OCZV ::':? Gbq :009 ?2

Gczzakk KqnodAnvcznbvamnbk

254.00Bsscv jbohcf _hhCbsv Obgczmn Ibs Om

OAGJ+ D_JO+Fzccz

Hkcanymzv

Ybssczvcan

:00.00_hh Asvasnb‑Vbjzccf 05 EanbnoaniOmzp

Gbnbicz

Assc_a|c

S_F$gak!

EboakavqAsscz




OCZV ::':? Gbq :009 ?:

MEE jbkbnoc sdccv $emzmzaianbvmz!

Vzc sbkc ozavczamn< kcibk % mee jbkbnoc sdccv boomnvani

MN jbkbnoc sdccv $emzmzaianbvmz-mjkaimz!

Bsscv jbohani _dbzabdomgpkabnv bsscvs-jsancssucnvzcs ydaod emzg PZAGBZQsmzoc me anomgc -zcvzn vmanucsvmz. Asscf an ubzams

_dbzabd pzanoapkcs

Ssani _dbzabd omgpkabnvbsscvs-jsancss ucnvzcs vmeboakavbvc assbnoc me _hh




OCZV ::':? Gbq :009 ??

_vzcnivd me obsd ekmyOmzpmzbvc zbvani me asscz-mjkaimz

Gbankq jbscf mn vdc svzcnivdme vdc bsscv obsd ekmy

Gbzhcv fzaucn gbankqfcpcnfani mn

mzaianbvmz-asscz ozcfavzbvani-svbnfani




OCZV ::':? Gbq :009 ?6

CNF

Vdbnh Qm

[email protected]

Documents

Sukuk Innovation