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Legal structure derived from securitization structure with special purpose vehicle (SPV) to acquire suitable asset.

Suitable assets: leasing, equities, real estate and other sukuk with a minimum of 15% in the portfolio, rest can be debt securities.

Pool of assets sold to SPV (a Charitable Trust) which issues certificates to investors for a specific maturity.

Funds collected paid to original owner of assets.

Net income generated from the assets is used to pay periodic coupons to the buyers of certificate

On maturity assets are generally sold back to the original owner, using an irrevocable undertaking. Proceeds received are distributed to Sukuk holders at the time of maturity.

Sukuk/ Islamic Investment Certificate

Sukuk Structure

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