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Federal government Sukuk Case Study Structure of Ijarah Sukuk For the Return on Investment 2. Remitting Rentals 3. Rentals: Principal SPV/Issuer Sukuk Holders and Return UNITY AND FATETEACE AND PROGRESS/ 4. Transfer of asset 1. Payment of Rentals Asset 1. Government (as agent) receives Rentals from usage of Usufructs, periodically 2. 3. Government remit the rentals to the SPV SPV pays Sukuk Holders, the rentals which comprise the portion of Principal and the Profit Margin until fully paid within tenure. 4. SPV Transfer the Asset to the Government as Beneficiary Lotus Capital ETHICAL INVESTMENTS 21

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