FUNDS 2.1.16
Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right
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.