| From Opalesque: 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.
Sukuk were in the spotlight lately with a high profile defaults that helped to create new perspective on the way these instruments should be legally structured. In this research, three sukuk issuances will be examined: 1) the asset-backed Tamweel RMBS, 2) the asset-based Tamweel Sukuk Limited ("TSL"), 3) the asset-backed issuance of East Cameron Gas (ECG), which has defaulted..............................................Full Article: Source
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