Noun
English Wikipedia has an article on:sukukWikipedia
sukuk (plural sukuk or sukuks)
(Islam, economics) A bond that generates a return to an investor without infringing Islamic laws against interest.
Dubai Islamic Bank and Turkey have been first off the starting blocks this week — Turkey fulfilling what has become a CEEMEA tradition, likely to be the first issuer to print this year, while DIB is roadshowing a tier one sukuk. Source: Internet
Emaar Properties listed a 750 million US dollar Sukuk today on Nasdaq Dubai, the region’s international financial exchange. Source: Internet
DMO said apart from serving as alternative source of funding for the Government, the Sukuk will also serve to diversify the investor base for FGN Securities, promote financial inclusion and deepen the domestic capital market. Source: Internet
However, the sukuk industry will have to face a twofold challenge. Source: Internet
Meanwhile, CIMB Islamic, the main Islamic banking entity of CIMB Group Holdings Bhd, expects Malaysia’s sukuk market not being significantly affected by the delay or cancellation of several major infrastructure projects in the country. Source: Internet
The Christian Association of Nigeria (CAN) has made this allegation repeatedly – the last being shortly after the federal government introduced Sukuk bond. Source: Internet