The legal process of the mortgage backed securities issuance in Imami jurisprudence and Iranian law

mortgage backed securities as one of the examples of Sukuk have a special and unique place in among the financial instruments and they are highly welcomed due to desirable features such as fixed profit, ability to perform through cash and credit, possibility of further sales because of its low risk and extreme performance in supplying the housing sector.One of the most essential measures for achieving this financial instrument to execute phase is the understanding of quality of the relationships formed . "how are the existent juridical and legal relations between elements involved in mortgage backed securities issuance?" Thus, in this article after definition and history of mortgage backed securities, we mentioned the elements involved in the process of converting bank assets into mortgage backed securities and expressed hierarchical relationships and interactions between them in order to answer the axial question of this research with juridical and legal approach after discussing these issues which briefly can be said that the process of mortgage backed securities issuance is the combination of cash sales, credit sales, agency, debt sale, discount, indefinite contracts which is mixedly established between facilities recipient, originator, issuer (intermediate), sales agent, paying agent, bond holders (investors) and other agents.