31.08.2010 - Lex Islamicus: When Sukuk default - Asset priority of certificate-holders vis a vis creditors Mohammed Khnifer
From Opalesque: Mohammed Khnifer is regarded as part of a 'second generation' of Islamic banking practitioners who have a solid academic background in Islamic finance. He is a holder of an MSc in Investment Banking & Islamic Finance from Reading University and is a Chartered Islamic Finance Professional (CIFP) from INCEIF. He is one of the most prolific and well-known journalist specializing in Islamic Finance today. For the past six years he has been in charge of the editorial content for the Islamic Banking section of Al Eqtisadiah (Kingdom of Saudi Arabia). Asset-backed or Asset-based Issuance? Sukuk is considered the most sought after financial instruments in the Islamic Finance industry. Western investors view them as debt-like fixed-income instruments, whereas Muslim investors purchase them as it complies with their religious beliefs, but at the same time serve their needs for relatively less-risk investments than equities or real estate..............................................Full Article: Source