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Islamic finance

ANAnuja Nair10y ago
Hi sir, what does it mean by " Sukuks are not asset-backed " ? I dont understand.
John MoffatJohn MoffatTutor10y ago#1
It means there is no security given for the borrowings.
ANAnuja Nair10y ago#2
Oh okay. I get it now. Thank you sir.
John MoffatJohn MoffatTutor10y ago#3
You are welcome :-)
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