Table 1

Items and salient features

Items/Salient featuresStatements

  1. Familiarity with SRI ṣukūk, SIBs and CBs

  2. Capital guarantee by the issuer

  3. Capital guarantee by third party

  4. Guarantee of returns

  5. Risk to investors

  6. Returns based on interest

  7. Rate of return based on social impact

  8. The financial trade-off with social impact

  9. Social impact

  10. Credit rating

  11. Tradability

  12. Sharīʿah compliance

  13. Sharīʿah base

  14. Maqāṣid al-Sharīʿah (objectives of Sharīʿah)

I am familiar with the concept of this FI*
The capital in this FI is guaranteed by the issuer
The capital in this FI can be guaranteed by a third party
The returns of this FI are usually guaranteed
The risk to investors in this FI is very high
The returns of this FI are based on interest
The rate of return of this FI is based on the social impact it produces
There is a trade-off between financial returns and social impact in this FI
The social impact of this FI is significant
This FI usually has credit ratings by a rating agency
This FI can be traded in the secondary market
This FI is Sharīʿah-compliant
The contracts of this FI are based on Sharīʿah principles
This FI fulfils maqāṣid al-Sharīʿah

Note(s): *FI represents SRI ṣukūk, SIBs and CBs

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