tag:blogger.com,1999:blog-34318535.post5697127754105232356..comments2023-11-05T01:16:08.431-07:00Comments on Sharing Risk blog: A new structure for mudaraba sukukBlake Goudhttp://www.blogger.com/profile/00269233925421947105noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-34318535.post-67677692523925902072010-01-12T22:06:34.941-08:002010-01-12T22:06:34.941-08:00I have re-read parts of the prospectus and the des...I have re-read parts of the prospectus and the description I gave of the calculation of periodic distribution payments was incorrect. Contrary to how I described it, investors are paid a coupon equal to the face value times SIBOR+markup divided by two (it is paid semi-annually). These payments are made regardless of whether the mudaraba income is sufficient to cover them. <br /><br />The reserve account is credited whenever the mudaraba income is in excess of the periodic distribution amounts. Upon the redemption, the investors are paid the value of the mudaraba assets and any shortfall between that value and the par value is paid from the reserve account. If the reserve account is not sufficient to pay the par value, the investors must absorb the loss. <br /><br />I regret the error.Blake Goudhttps://www.blogger.com/profile/00269233925421947105noreply@blogger.comtag:blogger.com,1999:blog-34318535.post-12386281357705385442010-01-03T23:24:37.761-08:002010-01-03T23:24:37.761-08:00An important and insightful article!An important and insightful article!T Abdul-Basserhttp://www.straightwayethical.comnoreply@blogger.com