From Arabnews.com: The asset-backed sukuk is set to be reality soon largely due to the efforts of the International Islamic Financial Market (IIFM) to develop a master agreement on this new form of Islamic bonds, a top official at the IIFM said on Monday.
Khalid Hamad, executive director at the Central Bank of Bahrain and chairman of the IIFM board, said all concerned parties have been consulted to prepare a master agreement paving the way for a shift from the asset-based to asset-backed sukuk, or Islamic bond structure……………………………………….Full Article: Source