Special Musharakah Certificates Against Existing Public Sector Enterprises

Definition of "Special Musharakah Certificates Against Existing Public Sector Enterprises"

A proposed financial instrument for government to raise funds for operating and maintaining existing public sector enterprises. The certificate holders will join the musharakah with their cash while the government’s capital will consist of net worth of the enterprise. The profit sharing ratio can be determined in any manner but the losses would be shared according to capital. The certificate holders would be able to sell them in the market at going rates.