Bonds

Understanding Sukuk: Sharia-Compliant Bond-Like Financial Instruments

A sukuk is an Islamic financial certificate, similar to a bond in Western finance, that complies with Islamic religious law known as Sharia. Traditional Western interest-paying bond structures are not permissible under Sharia, so issuers sell sukuk certificates to investor groups, using the proceeds to purchase assets in which the investors have a direct partial […]

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