Sukuk has certain implicit features that makes them different from Riba securities. The most clear difference between them is in what owning them means. In the case of sukuk, investors own part of the capital and receive benefits from increases in its value. The types of capital backing sukuk may include property leasing, industrial projects, commercial projects, or other types of investments. The... »

Sukuk, the plural form of the word sakk, refers to an investment certificate that is deemed to be compliant with Islamic financing principles. In the past, sukuk were used to facilitate trade transactions among merchants by serving as promissory notes. Historical records show that these notes were widely traded and exchanged. Contemporary sukuk are used to raise funds for investments in a manner c... »

Since 1990, the Islamic capital market has developed rapidly across the globe, from South-East Asia to the GCC region and to Europe, becoming a truly international market for fundraising activities. This strong growth has been driven by the increase in the earnings of oil exporting countries resulting from a rise in global oil prices. Participating institutions include multilateral organisations, ... »