Question
On September 26th, 2019, the Shariah Advisory Council (SAC) of the Securities Commission Malaysia revised its resolution on Asset Pricing Requirements for Sukuk Issuance, and
On September 26th, 2019, the Shariah Advisory Council (SAC) of the Securities Commission Malaysia revised its resolution on Asset Pricing Requirements for Sukuk Issuance, and resolved the following: “The purchase price of an identified asset under sukuk issuance must not exceed 1.51 times of:
a) the fair value of the asset;
b) any other appropriate value of such asset”. Analyze this resolution in light of Shariah requirements of pricing as stipulated in the Islamic law of contract. (20 marks)
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The Shariah Advisory Council SAC belongs to the Securities Commission Malaysia SC The SAC in its 2...
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
27th edition
978-1337272094, 1337272094, 978-1337514071, 1337514071, 978-1337899451
