CIR 2.1.16

An arrangement does not constitute a Collective Investment Fund if the rights or interests of the participants are evidenced by sukuk certificates where the holders of the certificates are entitled to rely on the credit worthiness of:

(a) the issuer of the sukuk certificates; or
(b) any other Person who has assumed obligations under the sukuk certificates,

for obtaining their rights and benefits arising under the certificates.

Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]