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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Research more

The duality of Saudi Arabia’s first sovereign Sukuk

Posted on 08 March 2012

The media has reported that the Saudi Arabian General Authority for Civil Aviation’s sukuk, which raised SAR 15 billion, is structured as a Murabaha product. However, if you look closely at the offer document, it is clear that there are two structures - Mudarabah and “questionable” Murabaha.
The sukuk portfolio constitutes 51% Mudarabah and 49% Murabaha. Such a structure would make it a tradable instrument………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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