8 Islamic Financing Explain what is meant by Islamic financing. What are the different types of securities
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8 Islamic Financing Explain what is meant by Islamic financing. What are the different types of securities that are used in this sector? In this context, explain what is meant by a ‘sukuk’. Construct a practical example of a sukuk and explain the issues that arise in its use. [Challenge: discuss some of the specific transactions, rather than simply the types of transactions, that are commonly used in Islamic banking.]
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