Case Study-2 about the practices of tawarruq in Islamic banks in the Kingdom of Bahrain. You may add graph/figure/chart to support your arguments. The report should be at least 1,000 words. Please include list of references in writing this report. Always remember; in writing your argument, start with introduction, explanation, and followed by concluding remark

Is this sukuk asset-based or asset-backed? Explain.

Describe the risks investors might face in investing in this sukuk. What are the risk mitigations measures provided by the issuer to investors?

1. Explain how the issuer proposes to pay or distribute periodic profit/coupon to investors in the event that the actual earnings fall short of expected earnings as well as when actual earnings is higher than expected earnings.

Were there any sale and/or purchase undertaking in the structure? Why did the structure contain purchase and sale undertaking?

Explain the utilization of collateral and securities in the sukuk. Did the issuer offer any collateral or securities to be charged or assigned? Was there any guarantee given to investors in case of default?Explain the mechanism and valuation of transfer of assets upon maturity of the sukuk as well as when an event of default has occurred.

1. In addition, use the following format below to explain the main sukuk features.

Country
Sukuk Name
Name of Issuer
Principal activities of issuer
Name of Originator/Obligor
Principal activities of Originator / Obligor
Date of Issue
Issue size
Tenor (years)
Issue Price
Listing Status
Shariah Principle Used sukuk issuance
Rating
Profit/Coupon
Profit / Coupon Payment Frequency
Underlying/ Identified assets
Purpose of Issue / Utilization of sukuk proceeds