Only Consciousness is Reborn

Mind undergoes rebirth, not a permanent soul.

Yet you may ask, "is the mind then permanent?"

No, when one considers it spiritual energy, the ordinary mind is impermanent.

For the consciousness which merges with the physical form "creates" mind.

When one dies, that consciousness (mindstream) returns to the Absolute as Alaya.

Then it is sent out again according to karmic merit, to influence the destiny it chooses, be it rebirth as the creation of new life in a new existence (samsara), or rebirth in the Pure Land.

In essence, consciousness enters the mind continuum as the mindstream and is reborn according to the fruition of karma.

A thorough reading of Yogacara and certain Vajrayana sutras will confirm this.