Manama, April 5 -- The International Islamic Financial Market (IIFM) announced the publication of its Perpetual Sukuk Al Mudarabah Tier 1 Standard Documentation Templates. The suite of standardized documentation consists of Prospectus, Master Mudarabah Agreement and Declaration of Trust.
The purpose of the Sukuk standard documentation templates is to provide the industry with a standardized set of documents addressing clauses that are repetitive, require transparency & clarity during the drafting of the Sukuk prospectus and related issuance documentation, while also standardizing definitions and updating Shari'ah requirements.
The Tier 1 Sukuk issuers, lead arrangers, legal advisors and other related parties will greatly benefit from this...