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Morgan Lewis advises FWU on Inaugural Sukuk on life insurance contracts
This represents the first time an Islamic bond structure has been deployed on a block of life insurance policy contracts. The Sukuk will fund, in a fully Shari’ah-compliant manner, a set of ReTakaful (re-insurance) transactions for one of FWU’s five main subsidiaries, Atlanticlux. This transaction is a securitization of Takaful…
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