Sukuk

A negotiable instrument representing a proportionate share of an underlying capital asset, financed by the cash raised from the issue of the sukuk.

Sometimes referred to (incorrectly) as an 'Islamic bond'.

See also

• Islamic finance
• Securitisation
• Sharia-compliant fixed income capital markets instruments for cross-border transactions

Other links

Sweet sukuk, Noel Lourdes, The Treasurer, Nov 2013