. Exemption related to the fund includes value added tax, special business tax and stamp duty incurring from transfer of property into the fund with transfer back agreement or re-transfer to governmental
Shariah advisor that the characteristics of such sukuk are in accordance with the Islamic principles; (5) an application for registration of transfer restriction of sukuk seeking approval; (6) any other
) number of units, par value, paid-up capital, and the date of unit issuance; (c) restriction on transfer (if any); (2) details of each unitholder: (a) name, nationality and address; (b) serial number of
relation to restriction of rights and liberties of persons, which Section 29 in conjunction with Section 33 Section 34 Section 41 Section 43 Section 44 and Section 64 of the Constitution of the Kingdom of
certain provisions in relation to the restriction of rights and liberties of persons which Section 29 in conjunction with Section 33, Section 34, Section 36, Section 41, Section 43, and Section 45 of the
prescribed. The proposal includes rectification period, restriction of business operations during rectification period and undertakings in case of failure to rectify. The proposed rules will provide more up-to