Today is: 
22 September 2018 
 

Sukuk (Islamic bonds) and their role in redistributing wealth

 

Issue 7 –May 2013
In simple words Sukuk is the Islamic version of bonds. Sukuk is plural of Sak which in Arabic means a document or certificate. Commonly Sak would be used as an ownership certificate (sak mulkiyyah). Sukuk represent an equal share in undivided proportional ownership in a project based on real assets, which grants a corresponding right to income generated by those assets. It is important to notice that Sukuk cannot be issued without the backing of real assets, as Sukuk represents a direct right of ownership over these assets. .. ... read more