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OFS-1.9.7

For the purposes of Rule OFS-1.9.1, types of Islamic securities or Sukuk that may be issued include all Islamic Sukuk that are eligible to be issued under the CBB Volume 2 Rulebook, but are not limited to:

(a) Ijara contract (similar in structure to a standard lease);
(b) Salam contract (payment in advance of goods to be delivered at a date in the future);
(c) Murabaha contract (asset financing);
(d) Modarabah contracts;
(e) Istisna'a contract;
(f) Bai Bithaman Ajil contracts;
(g) Intifaa; or
(h) Any other Islamic contracts approved by a Shari'a Advisory Committee, or considered as an eligible issue under the CBB Volume 2 Rulebook.
January 2014