Shari'ah (Islamic) compliant computer-based inter-institutional/inter-bank network

摘要: An inter-bank/inter-institutional financial network formulated in accordance with the principles of present invention supports implementation certain Shari'ah (Islamic) compliant products. A standardized, instrument is created which conducive to trading and has comparable characteristics those traded on conventional markets. alliance formed under participants play multiple varied roles select offerings prior taking an investment offering Islamic marketplace for placement. In particular, each participating institution agrees support position another as may be required a contingent guarantee repurchase such other institution's issuance instruments. Further, agreed within operational framework does not allow acceptance consideration or specific security/collateral against guarantee, thus enabling deployment mechanism having impact similar securitization enhancement that would otherwise disallowed guidelines. Thus, when issued, it underwritten via syndication amongst their respective are callable basis. The issuer also acts guarantor basis behalf bank inter-bank