Which of the following is (are) TRUE about an asset-based sukuk? I. It is when sukuk holders

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Which of the following is (are) TRUE about an asset-based sukuk?

I. It is when sukuk holders own a share of a specific tangible asset of the business.

II. It is when sukuk holders will not have recourse to the originator in case of default in dividends and/or principal.

III. It is structured to replicate conventional bonds.

IV. It focuses on the risks of the assets.

V. It is when sukuk holders will have full recourse to the originator.

a. I and II

b. II and III

c. III and V

d. III and IV

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Related Book For  book-img-for-question

Principles Of Islamic Accounting

ISBN: 9781119023296

1st Edition

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

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