" Act as issuer of sukuk as well as trustee"

The statement above refers to:

Which of the following is partnership - based sukuk?

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

Identify the sukuk type above.

The underlying asset is portfolio of financial asset.

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

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

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.

The relationship between SPV and originator is principal and agent.

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

Losses generated by the sukuk asset will be shared between SPV and originator based on the capital contribution ratio.

At maturity, originator will buy back the portfolio of financial assets using the money from the reserve account, if any.

Originator will lease back the asset throughout the sukuk tenor.

At maturity, SPV will sell the investors’ shares in the sukuk asset to the Originator.

The underlying asset for the sukuk is debt of the originator towards investors.