Purchase Undertaking In Equity-Based Sukuk: Does It Amount To Guarantee

• Main Authors: Mohamad Zaharuddin Zakaria, Akhtarzaite Abdul Aziz
• Format: Article
• Language: English
• Published: Universiti Sains Islam Malaysia 2015
• Subjects: Purchase undertaking; Equity based sukuk; Guarantee
• Online Access: http://ddms.usim.edu.my/handle/123456789/9061

Purchase undertaking has been adopted widely in sukuk product especially with regard to the equity-based sukuk, structured under Mudharabah, Musyarakah or Wakalah contracts. Undoubtedly, the objective is to minimize the risks faced by investors in holding the sukuk asset throughout the period. Inde...