CmaBylaw
Executive Bylaws
11-47 Asset-Backed Sukuk Of Module Eleven: Dealing in Securities
Section: Chapter Eleven: Sukuk Regulations
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Tuesday, 14 February 2017
The rights of Sukukholders of Asset-Backed Sukuk arising from such Sukuk shall be fulfilled by their relevant assets only in accordance with the Prospectus. Assets of such Sukuk shall be separated from other assets or turned into Sukukin a manner that protects them from other creditors’ claims. The holders of such Sukuk shall depend on their relevant assets to fulfil the periodical distributions and redemption payments.
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