Definitions

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Etymologies

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Examples

  • Indonesia, Southeast Asia's largest economy, was forced to postpone its maiden global offering of Islamic bonds, known as sukuk, in November when the credit crisis triggered risk aversion.

    Indonesia Advances Islam Bond

  • As part of the restructuring, Nakheel plans to issue 3.8 billion dirhams $1.04 billion worth of Islamic bonds, known as sukuk, to its trade creditors on Thursday.

    SFGate: Top News Stories

  • The bonds, known as sukuk, pay a return of 10 percent and are being used to pay 60 percent of what's owed to contractors and suppliers.

    BusinessWeek.com -- Top News

  • Islamic bonds, known as sukuk, comply with Shariah law by using asset returns to pay investors instead of interest.

    BusinessWeek.com -- Top News

  • Nomura's sukuk, which is reported to be fully subscribed, will be listed on the Kuala Lumpur Stock Exchange.

    Japan Today: Japan News and Discussion

  • Albaraka Banking Group, may sell dollar- denominated Islamic bonds, known as sukuk, in the second half of 2011, the bank's chairman, Adnan Ahmed Yousif, said in an interview on Sept.

    BusinessWeek.com -- Top News

  • If the restructuring plan "puts the new Nakheel onto a sound footing, the sukuk will be a success and should trade up in price to reflect the attractive cash flow," he said.

    BusinessWeek.com -- Top News

  • Global sales of bonds that comply with the religion's shariah principles, known as sukuk, will probably reach $25 billion this year, Badlisyah Abdul Ghani, chief executive officer of CIMB Islamic Bank Bhd., a unit of CIMB Holdings, said in an interview yesterday.

    BusinessWeek.com --

  • For instance, Ehrenfeld explained that the Islamic version of the bond - called sukuk - has qualifications embedded in it to purify the portion of the fund that does not meet Islamic standards.

    Israelated - English Israel blogs

  • "Western banks could use tools such as the Islamic bonds, known as sukuk, as collateral".

    National Policy Institute

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  • In Arabic this is the plural of sakk, but in English it is used as the singular and (usually) plural.

    March 2, 2009

  • An Islamic financial instrument; one that is structured in accordance with sharia law, which forbids the charging of interest.

    September 26, 2008