FUNDS 2.1.16

Past version: effective from 21/10/2015 - 20/10/2015
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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.