A highly illiquid bond that pays no interest but might entitle its holder to rental income from an asset is most apt to be a:

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Sukuk is a type of Islamic bond that is compliant with Islamic law, which prohibits paying or receiving interest. Instead, investors receive a share in the income generated by the underlying asset, often a real estate property or a business venture. Sukuk are also known as asset-based or asset-backed securities, as they are usually backed by tangible assets that generate cash flow. Sukuk are often illiquid, meaning they are difficult to sell in the secondary market, and their value may fluctuate based on the performance of the underlying asset.

A Highly Illiquid Bond That Pays No Interest but Might