Which of the following is NOT a characteristic of an asset-backed sukuk? a. Sukuk holders own a
Question:
Which of the following is NOT a characteristic of an asset-backed sukuk?
a. Sukuk holders own a share of a specific tangible asset.
b. Sukuk holders will not have recourse to the originator in case of default in dividends and principal.
c. There is no sale of the underlying asset of the originator to the sukuk holders.
d. The bankruptcy of the originator will not have any impact on sukuk holders’ rights to the cash flows from the asset.
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Option C is not a characteristic of an assetbacked sukuk In an assetbacked sukuk structure the under...View the full answer
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Related Book For 
Principles Of Islamic Accounting
ISBN: 9781119023296
1st Edition
Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim
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