CmaBylaw
Executive Bylaws
11-12 Of Module Eleven: Dealing in Securities
Section: Chapter Eleven: Sukuk Regulations
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Tuesday, 14 February 2017
An Issuer may purchase assets before or after the subscription and issue agreements are effective. Asset-Based Sukuk including the rights related to such assets owned by a third party other than the Issuer, Obligor or originator, as per each case individually, shall be explicitly determined in the trust document, provided that the rights, benefits or eligibility can be transferred to the Issuer or the Issuer’s interest and Sukukholders as per the relevant laws.
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