human
What is the substance and form of the contract?
assistant
The substance and form of the contract is that sukuk holders should stand in the line of creditors or in the line of the owners of underlying assets. "In reviewing cases of sukuk defaults and bankruptcies, Muddassir Siddiqui complained that "Through reading many cases that have so far been litigated in courts around the world, I have found that in almost all cases, the courts have struggled to reconcile the substance and form of the contract.