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Home > QFINANCE Dictionary > Definition of sukuk

Definition of

sukuk

Finance

asset-backed interest-free bond in Islamic financing, the equivalent of a bond, which represents undivided shares in ownership of tangible assets. Under Islamic law it cannot earn interest.

sukuk - Related Articles
  • Islamic Capital Markets: The Role of Sukuk

    Best Practice

    Islamic capital markets are made up of two components, stock markets and bond markets. This contribution is primarily concerned with the latter rather than shariah-compliant stock determination. In particular it is sukuk that have become the accepted Islamic alternative to conventional bills, bonds
    By Rodney Wilson

  • Sukuk Issuance and Issues in Purchase Undertakings

    Best Practice

    As is the case with most Islamic finance instruments, the typical approach to sukuk is to take the equivalent instrument in conventional finance and to attempt to replicate it in a way that is shariah
    By Barry Cosgrave

  • Islamic Modes of Finance and the Role of Sukuk

    Best Practice

    Of growing importance, particularly in the last decade, has been the development of sukuk (Islamic bonds). Sukuk arose as a natural response to the remarkable growth of Islamic financial services and allowed Islamic banks, companies, and sovereigns to raise shariah-compliant funds through the market
    By Abdel-Rahman Yousri Ahmad

  • Bankruptcy Resolution and Investor Protection in Sukuk Markets

    Best Practice

    According to the Kuala Lumpur-based Islamic Financial Services Board, a standards body for the Islamic finance industry, the Islamic finance industry is a roughly US$1 trillion asset that may almost triple to US$2.8 trillion by 2015. Arguably, sukuk is the catalyst that has put the Islamic finance
    By Kamal Abdelkarim Hassan, Muhamad Kholid

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Definitions of ’sukuk’ and meaning of ’sukuk’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’sukuk’ and other financial terms with our online QFINANCE Financial Dictionary.

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