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Investor Presentaiton

Bond vs Sukuk Structure A. "Conventional" Bond B. Sukuk Transfer of Islamic Asset Covenant to Pay (in Trust Deed) Issuer Trustee Obligor Islamic Doc. e.g. Ijara Issuer & Trustee Promise to Pay (in the Bond) Bondholders Purchase Undertaking Powers of attorney are granted to Delegate Covenant to Pay is held on trust for the Bondholders (in Trust Deed) Islamic Asset Islamic Asset, Islamic Documents purchase undertaking are held on trust for the Certificateholders (in Declaration of Trust) Certificate- holders Delegate 9
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