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Islamic finance

This topic has 3 replies, 2 voices, and was last updated 8 years ago by John Moffat.

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September 7, 2016 at 3:38 pm #338625
Anuja Nair
Member
- Topics: 365
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Hi sir, what does it mean by ” Sukuks are not asset-backed ” ?
I dont understand.
September 7, 2016 at 5:57 pm #338700
John Moffat
Keymaster
- Topics: 57
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It means there is no security given for the borrowings.
September 8, 2016 at 3:20 am #338875
Anuja Nair
Member
- Topics: 365
- Replies: 353
Oh okay. I get it now. Thank you sir.
September 8, 2016 at 7:08 am #338911
John Moffat
Keymaster
- Topics: 57
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You are welcome 🙂
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