Sukuk Ijarah definition

Sukuk Ijarah means INDOSAT SUKUK IJARAH II YEAR 2007” which is the securities issued by the Issuer to Sukuk Ijarah Holder proven by Sukuk Ijarah Jumbo Certificate under the conditions as described in Article 5 of Sukuk Ijarah Trust Agreement as well as registered with KSEI Collective Custody based on the Agreement on Sukuk Ijarah Registration with KSEI.
Sukuk Ijarah means the “SUKUK IJARAH INDOSAT III YEAR 2008”, in the amount of Rp.570,000,000,000.00 (five hundred and seventy billion Rupiah), having a maturity period of 5 (five) years as from the Issue Date, constituting commercial papers issued by the Issuer to the Sukuk Ijarah Holders as evidenced by the Sukuk Ijarah Jumbo Certificate upon the terms as set fort in Article 5 of the Sukuk Ijarah Trustee Agreement and registered with the KSEI Collective Custody pursuant to the Agreement on the Registration of the Sukuk Ijarah With KSEI.
Sukuk Ijarah means “SUKUK IJARAH INDOSAT V YEAR 2012” in amount of Rp. 300.000.000.000,00 (three hundred billion Rupiah) with the term of 7 (seven) years as of the Issue Date with the Ijarah Reward Installment amounting to Rp.00.000.000.000,00 (twenty five billion eight hundred and seventy five million Rupiah) per year, being securities that are issued by the Issuer to the Sukuk Ijarah Holders that are proven by Sukuk Ijarah Jumbo Certificates with terms as specified in Article 5 of the Sukuk Ijarah Trusteeship Agreement and registered with the KSEI Collective Depository based on Agreement on Sukuk Ijarah Registration in KSEI.

Examples of Sukuk Ijarah in a sentence

  • Preliminary Agreement on Securities Registration between the Issuer and the Stock Exchange for the Listing of the Sukuk Ijarah at the Stock Exchange and all their amendments, supplements and renewals and all other documents required by the competent regulatory authority.

  • The public other than Accountholders invests in the Sukuk Ijarah through the Accountholders.

  • Sukuk Ijarah, after adjusting for premium or discount and unamortized transaction costs, is presented as part of liabilities.

  • Withdrawal of the Sukuk Ijarah from the Securities Account can only be made by transfer from one Securities Account to another Securities Account.

  • Ijarah Holders, the taxes provision shall apply for them in accordance with the prevailing legislation and if the Issuer is obliged by the legislation to deduct the tax for every payment made by the Issuer to Sukuk Ijarah Holder, the Issuer through the Payment Agent shall deduct the tax and pay the same to the authority so appointed to receive the payment and submit the tax deduction receipt to Sukuk Ijarah Holder.


More Definitions of Sukuk Ijarah

Sukuk Ijarah means “INDOSAT SUKUK IJARAH III YEAR 2008” which is a security issued by the Issuer to the Holder of Sukuk Ijarah proven by Certificate of Jumbo Sukuk Ijarah of Rp. 570,000,000,000.00 (five hundred seventy billion Rupiah) with the requirements as defined in article 5 of Sukuk Ijarah Trusteeship Agreement and registered in KSEI Collective Custodian based on Agreement of Sukuk Ijarah Registration in KSEI. Jakarta, 7th April 2008 I, Uki Ukanto, a sworn and authorized translator by virtue of Decree of Governor of Jakarta No. 2238/2004, certify that the above is true and accurate English version translated from its original Indonesian text. Page 41 of 138 [Official Translation]
Sukuk Ijarah means Sukuk issued in accordance with theprinciples of Ijarah. An Ijarah is an agreement entered into for the lease / rent of an asset. The owner of the asset with the lessee must determine the lease period and rent of the asset or equipment prior to the lease of the asset or equipment. For the duration of the lease period, the owner of the asset shall be the lessor. “Sukuk Mudharabah” shall mean Sukuk issued in accordance with the principles of Mudharabah. A Mudharabah is an agreement entered into for the financing of a business or project. Pursuant to this agreement, the capital investor (Rab-Al-Mal) shall provide capital for the business and the manager of the business (Mudharib) shall run the business. Where the business generates profit, the profit shall be distributed between the parties in accordance with the agreed ratio for distribution. Any loss suffered by the business shall be borne solely by the investor unless caused by negligence from the manager. “Sukuk Musharakah” shall mean Sukuk issued in accordance with the principles of Musharakah. A Musharakah is a partnership entered into between two or more persons who contribute capital in the form of monies or assets, for the purpose of running a business. All partners must provide capital for the business. Where the partnership generates profit, the profit shall be distributed between the partners in accordance with the agreed ratio for distribution. However, any loss suffered shall be shared between the partners in accordance with their respective capital contribution. “Authority” shall mean the Capital Market Development Authority established under Law No. 2/2006 (Maldives Securities Act)
Sukuk Ijarah means investment certificates or notes of equal value which evidences undivided ownership on the leased asset and/or usufruct and/or services and rights to the rental receivables from the said leased asset and/or usufruct and/or services.
Sukuk Ijarah means sukuks issued in accordance with the principles of ‘ijarah’. An ijarah is an agreement to lease/rent an asset. The amount of rental payments and the duration of lease/rent should be determined prior to entering into the agreement. The owner of the asset during the period of lease is the lessor.
Sukuk Ijarah means the Islamic Medium Term Notes issued pursuant to the Islamic Medium Term Note Programme of two billion ringgit (RM2,000,000,000.00) in nominal value.
Sukuk Ijarah means the Islamic securities (represented by the Global Certificates or Definitive Certificates) issued or to be issued by the Issuer based on the Shariah principles of Ijarah under the Sukuk Programme in accordance with the Sukuk Programme Agreement and the Central Securities Depository and Paying Agency Rules;
Sukuk Ijarah means the “SUKUK IJARAH INDOSAT II YEAR 2007”, constituting commercial papers issued by the Issuer to the Sukuk Ijarah Holders as evidenced by the Sukuk Ijarah Jumbo Certificate upon the terms as set fort in Article 5 of the Sukuk Ijarah Trustee Agreement and registered with the KSEI Collective Custody pursuant to the Agreement on the Registration of the Sukuk Ijarah With KSEI.