This document discusses securitization from an Islamic perspective. It defines securitization as issuing certificates of ownership against an investment pool or business. It then discusses different types of securitization, including securitization of musharakah, murabahah, and ijarah. For musharakah securitization, it describes how musharakah certificates can represent proportionate ownership in project assets and be traded on the secondary market. For ijarah securitization, it explains how ijarah certificates can represent proportionate ownership in leased assets. Overall, the document provides an overview of various Islamic finance structures that can be used for securitization.