Islamic PDS are essentially capital market debt instruments, which are issued by corporate bodies in accordance with the Syariah principle;

The PDS are rated by Rating Agency Malaysia (RAM) or Malaysia Rating Corporation (MARC) and may either be bank guaranteed or on stand alone basis;

They are usually structured out of underlying contracts such as Al-Bai Bithaman Ajil, Murabahah or Mudharabah;

The PDS are traded on yield basis;

The maturity tenors for short term PDS is between 1 year to 3 years and for longer tenors it is between 5 years to 15 years.