IBANK 10.3.13 Murabahah Sukuk
(1) In murabahah sukuk, the originator (and, in some cases, the issuer) of the sukuk is the buyer (on credit) of the murabahah asset and the sukuk investors are the sellers (on credit) of that asset. The funds provided by the sukuk investors (and received by the issuer) represent the murabahah selling price of the asset.
(2) The sukuk holders own the murabahah and are entitled to receive payment of that receivable (the selling price of the asset) either in instalments or in a lump sum at the end of the murabahah contract.
|Derived from QFCRA RM/2015-2 (as from 1st January 2016).|