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Asset-Light Sukuk


sukuk structure that involves intangible assets as underlying, or in which the requirement of tangible assets is minimal. Companies that do not have much fixed assets resort to asset-light sukuk structures to base their sukuk issues on intangible assets such as receivables (zhimam or duyun).

Asset-light sukuk are forbidden by shari’ah because debts cannot be used as sukuk’s underlying assets.



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