Patents by Inventor Idayu Zainuddin

Idayu Zainuddin has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Patent number: 7797225
    Abstract: Embodiments of systems and methods relate to the issuing, servicing, and redeeming of investment notes that are linked to the performance of a single commodity or basket of commodities and are compliant with and tradable under Sharia principles. An exemplary method for administering an investment note compliant with Sharia principles involves establishing an agency contract between an agent and a trustee wherein the agent acts on behalf of the trustee and the trustee acts on behalf of the investor, establishing a unilateral purchase agreement between the agent and the issuer under which the issuer promises to buy commodities from the agent, and purchasing, by the agent, a commodity such that the agent holds title to the commodity on behalf of the trustee.
    Type: Grant
    Filed: June 6, 2007
    Date of Patent: September 14, 2010
    Assignee: UBS AG
    Inventors: David Kemp, Idayu Zainuddin