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Islamic Finance

  Islamic Finance   |   Terms
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  • January 24, 2021
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Embedded Sukuk

A sukuk structure which includes an embedded option (khiyar) to convert into other asset classes, subject to a set of prespecified conditions. Examples of sukuk that can be enhanced with embedded options include hybrid sukuk, zero-coupon non-tradable sukuk, pure-ijarah sukuk, etc.


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