| The Shariah risk is not so much in the initial structure but in what it can potentially become. Obviously,Goldman Sachs did not choose the most consensual structure. In the meantime, alively debate has been sparked especially concerning the possible risks of non-Shari'a compliance. These risks are not induced by the initial structure as it has been confirmed by Shari'a Scholars,but by what this structure can potentially become.
This is a summary analysis to highlight three key concepts of the structure of Goldman Sachs's Sukuk, namely: Thetype of structure, the liquidity, and the ownership of the Sukuk holders...............................................Full Article: Source
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