![](/var/ezwebin_site/storage/images/comunicazione/press-clips/shariah-governance-at-work-from-asset-based-to-asset-back-sukuk/11158-10-eng-GB/Alberto-Brugnoni,-"Shariah-governance-at-work-from-asset-based-to-asset-back-Sukuk",-November-2008-Article-on-the-evolution-of-Sukuk-structures-and-on-the-Islamic-governance_medium.jpg)
Alberto Brugnoni, "Shariah governance at work: from asset-based to asset-back Sukuk", November 2008 - Article on the evolution of Sukuk structures and on the Islamic governance
In November 2007 a renowned Shariah scholar issued a statement on the illegitimacy of those outstanding Sukuk issues underpinned by repurchase agreements (the so called Purchase Undertaking Deed) and where, as a consequence, risk and reward are not shared according to the actual venture proceeds. He vowed that it was time to review standards ...