Once subscribed money is used to buy substantial non-liquid assets, the position changes.
• Examples: land, buildings, machinery, raw material and furniture.
• The certificate then represents proportionate ownership in those assets.
• It may be sold in the secondary market at a mutually agreed price.
• The price may be above or below face value because the subject of sale is an asset share, not money alone.
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When Real Assets Have Been Purchased
Securitization of partnership (مشاركة)
Once subscribed money is used to buy substantial non-liquid assets, the position changes.
• Examples: land, buildings, machinery, raw material and furniture.
• The certificate then represents proportionate ownership in those assets.
• It may be sold in the secondary market at a mutually agreed price.
• The price may be above or below face value because the subject of sale is an asset share, not money alone.