Which of the following is NOT a characteristic of an asset-backed sukuk? a. Sukuk holders own a

Question:

Which of the following is NOT a characteristic of an asset-backed sukuk?

a. Sukuk holders own a share of a specific tangible asset.

b. Sukuk holders will not have recourse to the originator in case of default in dividends and principal.

c. There is no sale of the underlying asset of the originator to the sukuk holders.

d. The bankruptcy of the originator will not have any impact on sukuk holders’ rights to the cash flows from the asset.

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Muhammad Salman Alvi

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