Redeemable Musharakah Certificates
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Definition of "Redeemable Musharakah Certificates"

A proposed financial instrument for government to raise funds for creating revenue-generating assets. The certificates are issued with the explicit condition that the government will have the right to buy out stakes of other parties in a planned manner. The profit-sharing ratio would be equal to the share of each party in the total capital during a given accounting period. It would change for every certificate over time with changes in the stake of the certificate holder. The certificate holders would be able to sell their stakes between them- selves and among others at going market rates.

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