CmaBylaw
Executive Bylaws
11-23 Of Module Eleven: Dealing in Securities
Section: Chapter Eleven: Sukuk Regulations
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Tuesday, 14 February 2017
Fixed and movable assets owned publicly by the state or its public utilities may not be used for issuing government Sukuk against them. Such Sukuk may be issued against Sukuk owned privately by the state. Assets which shall be used for issuing Sukuk shall be appraised by a committee which shall be formed and whose mechanism shall be determined by a resolution issued by the Minister of Finance.
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