Islamic Finance – Islamic Capital Market - Sukuk Ijarah is accepted everywhere
Due to the Sukuk Ijarah's representation of ownership rights in non-financial assets, the trading of Sukuk Ijarah has gained widespread recognition. However, this structure does not deserve to be called an asset-backed securitisation. When the originator has a "put option," the asset transfer to the SPV/issuer is not a "true sale," according to the law.
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