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The future of sukuk

May 2010 - Finance. Legal Developments by Kadir, Andri & Partners.

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Sukuk in general market parlance refers to negotiable financial instraments that do not have elements that are prohibited in Island. Formal definitions can be found in international standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (Aaoifi) as well as local regulatory guidlines such as in the case of Malaysia issued by the Securities Commission of Malaysia.

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