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we have divided the search into two sections, In the first section we have talked about the nature of the investment certificates in terms of its definition, its types, and its numerous advantages. In the second section, we have discussed bonds, by casting light on the definition of the bonds, then explaining about its provisions in terms of its benefits, its conditions of issuance and its different types; comparing all these concepts in detail with investment certificates, to come to a conclusion which shows clearly that investment certificates are superior to bonds.
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