Muqarada

Muqarada

In Islamic finance, a way to structure a bond for which bondholders are entitled to cash flow from the project that the bond intends to finance. Unlike conventional bonds, however, muqarada "coupons" are not guaranteed and the bondholder takes a risk that the project will not generate cash flow. Holders are only entitled to cash flow as it becomes available. See also: Sukuk.
References in periodicals archive ?
Total assets including restricted investment accounts, muqarada bonds and investment by proxy accounts increased to $5.94 billion at the end of March 2016 compared with $5.88bn at the end of 2015 with a growth of 1.2pc.
The growth of the bank's assets including (restricted investment accounts, Muqarada bonds and investment by proxy accounts) reached about 6.4 per cent and amounted to about $ 5.8 billion compared to $ 5.5 billion at the end of 2014 with an increase of about $347 million.
The bank's assets, including restricted investment accounts and muqarada bonds, reached about $5.36 billion, compared with $4.94 billion at the end of 2013 with an increase of about $335.68 million and growth of 6.8 per cent.
The bank's assets including restricted investment accounts, Muqarada bonds and investment by proxy accounts grew about 3.2pc during the first half to $5.64 billion, compared with around $5.5bn as at the end of last year.
The Bank's assets (including Restricted Investment Accounts and Muqarada Bonds) reached about $5.36 billion compared to $4.94 billion at the end of 2013 with an increase reached about $335.68 million with a growth of 6.8 per cent.
"The bank's assets with managed accounts added to restricted investment accounts and Muqarada bonds reached about $5.079 billion during the quarter of the current year compared with $4.968bn at the end of last year," stated JIB vice-chairman and general manager Musa Abdelaziz Shihadeh.
Assets including (restricted investment accounts, Muqarada bonds and investment by proxy accounts) was about $5.47 billion at the end of March 31 as against $5.44bn at the end of last year.
The bank's assets with managed accounts added to (restricted investment accounts and Muqarada bonds) reached about $5.079 billion compared to $4.968 billion by the end of 2013.
Assets (including restricted investment accounts and Muqarada bonds) were $4.94 billion as on September 30 compared with $4.65 billion at the end of last year with an increase of $282.09 million or 5.8 per cent.