The Following Sharī'ah Requirements

question 25

Multiple Choice

The following Sharī'ah requirements. must be observed in the process of issuance of investment sukuk:

• A) it is not permissible to issue investment certificates, on the basis of any of Sharī'ah-compliant investment contracts
• B) it is permissible to issue securities for trading in tangible assets, usufructs, or services
• C) the contract of issue must be governed, after closing date and allocation of the certificates, by the interpretation of the issuer
• D) the two parties of the contract of issue are the issuer and the management

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Definitions:

Pan-

A prefix meaning "all" or "every", often used in medical and scientific terminology.

Tachy-

A prefix in medical terminology indicating rapid or accelerated, often used to describe abnormally fast heart rates, like in tachycardia.

Megalo-

A prefix meaning large or exaggerated in size or scope.

Circum-

A prefix in English meaning "around" or "about," used in the formation of compound words.