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  • Sukuks

    • FUNDS 2.1.16

      An arrangement does not constitute a Fund if the rights or interests of the participants are evidenced by sukuk certificates where the holders of the certificates are entitled to rely on the credit worthiness of:

      (a) the issuer of the sukuk certificates; or
      (b) any other Person who has assumed obligations under the sukuk certificates,

      for obtaining their rights and benefits arising under the certificates.