Home > NewsCom > Press Clips and Interviews > Shirkah - Alberto Brugnoni, "Shariah governance at work: from asset-based to asset-back Sukuk", November 2008

Shirkah - Alberto Brugnoni, "Shariah governance at work: from asset-based to asset-back Sukuk", November 2008

In November 2007 a renowned Shariah scholar issued a statement on the illegitimacy of those outstanding Sukuk issues underpinned by repurchase agreements (the so called Purchase Undertaking Deed) and where, as a consequence, risk and reward are not shared according to the actual venture proceeds. He vowed that it was time to review standards ...

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Piero della Francesca, ‘La città ideale’, Italy XVI century