Wednesday, September 20, 2006

Sukuk offered with put and call options

"Unicorn Investment Bank and WestLB successfully close US$150m Sukuk for Investment Dar", AMEinfo FN, September 20, 2006

The offered musharaka sukuk is the first of its kind to have a put and call options that let the buyer exit at year three with the same provision for the seller. The sukuk has been approved by the Shari'ah boards of both Unicorn Investment Bank and Investment Dar.

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