Which of the following statement(s) is (are) TRUE? I. Sukuk are debt obligations due from the issuer
Question:
Which of the following statement(s) is (are) TRUE?
I. Sukuk are debt obligations due from the issuer to the investors.
II. Sukuk are trust certificates.
III. Sale of sukuk is basically the sale of a debt.
IV. Funds raised using sukuk can be used for any purpose.
V. Sale of sukuk represents sale of a share of a specified asset.
a. I and II
b. II and V
c. II and III
d. I and IV
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Sukuk is an Islamic financial certificate similar to a bond in Western finance that complies with Sh...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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