The Following Statements Regarding the AAOIFI Standards on Islamic Bonds

The following statements regarding the AAOIFI Standards on Islamic Bonds are true EXCEPT:

A) the standards contain the Sharī'ah rulings and requirements on the different types of sukuk as well as the prevailing practices in the secondary markets
B) the scope of the investment sukuk is clearly specified with the enumeration of the fourteen types of Sukuk structures Table 7.2 of the textbook.
C) the AAOIFI investment sukuk standards are extended to shares of stock companies, certificates of funds and investment portfolios
D) the focus of the standards is the Islamic financial institutions or corporate entities offering Islamic financial services such as sukuk