CHAPTER 5 - SUKUK

Sukuk represent the debt of the issuer

• True

• False

" Act as issuer of sukuk as well as trustee"

The statement above refers to:

• Originator

• Special purpose vehicle company

• Investors

Which of the following is partnership - based sukuk?

• Sukuk Mudharabah

• Sukuk Murabahah

• Sukuk Istithmar

• Sukuk Wakalah

The period of the rental payment reflects the maturity of the sukuk.

Identify the sukuk type above.

• Sukuk Murabahah

• Sukuk Istithmar

• Sukuk Ijarah

• Sukuk Murabahah

• Sukuk Musyarakah

The underlying asset is portfolio of financial asset.

• Sukuk Ijarah

• Sukuk Murabahah

• Sukuk Istithmar

• Sukuk Mudharabah

• Sukuk Musyarakah

SPV uses the money from sukuk issuance to be contributed in the partnership agreement with the originator.

• Sukuk Ijarah

• Sukuk Musyarakah

• Sukuk Mudharabah

• Sukuk Murabahah

• Sukuk Istithmar

The proceeds from the sukuk issuance will be used by the SPV to purchase the identified commodity from the supplier.

• Sukuk Ijarah

• Sukuk Musyarakah

• Sukuk Mudharabah

• Sukuk Murabahah

• Sukuk Istithmar

Return to investors derived from the income generated by the sukuk asset, in which the income will be shared between SPV and originator based on pre agreed ratio.

• Sukuk Ijarah

• Sukuk Musyarakah

• Sukuk Mudharabah

• Sukuk Murabahah

• Sukuk Istithmar

The relationship between SPV and originator is principal and agent.

• Sukuk Ijarah

• Sukuk Musyarakah

• Sukuk Mudharabah

• Sukuk Murabahah

• Sukuk Istithmar

Originator will get the financing needed when SPV sell the asset to originator at mark up price, on deferred payment basis.

• Sukuk Ijarah

• Sukuk Musyarakah

• Sukuk Mudharabah

• Sukuk Murabahah

• Sukuk Istithmar