- sukuk
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Sukuk are financial instruments, such as certificates, that have economic similarities to bonds but are structured so as to comply with Sharia. Corporate sukuk are sukuk issued by a body corporate, rather than a sovereign issuer.The singular of sukuk is sakk, but sukuk is sometimes used colloquially as the singular and sukuks as the plural.Related links+ sukukInternational, USASingular sakk.Sharia-compliant certificates that represent an undivided ownership interest in an underlying tangible asset proportionate to the value of the holder's investment. The certificates entitle the holders to receive a pro rata share of the cash flows generated by and from the underlying tangible asset.Sukuk are often compared to bonds, but there are fundamental differences:• Sukuk are not debt obligations. Rather, they represent the sukuk holders' ownership interests in a particular pool of assets.• In compliance with Sharia principles, sukuk holders are not entitled to receive interest. Instead, they receive a portion of the revenues generated by the assets they own. If no revenues are generated, the sukuk holders are not entitled to any returns.Sukuk are generally structured as follows:• The entity seeking capital (the originator) establishes a special purpose vehicle (SPV).• The SPV issues certificates to investors in exchange for cash.• The SPV purchases assets from the originator using the proceeds of the sukuk issuance which it holds in trust for the investors.• The assets generate revenues (whether through a lease transaction (ijara) or another Sharia-compliant financing technique) that are used to return a profit to the investors in accordance with their ownership interests.Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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Sukuk — (Arabic: صكوك, plural of صك Sakk, legal instrument, deed, check ) is the Arabic name for a financial certificate but can be seen as an Islamic equivalent of bond. However, fixed income, interest bearing bonds are not permissible in Islam, hence… … Wikipedia
Sukuk — (صكوك, DMG Ṣukūk, Plural von صك / Ṣakk) sind islamische Anleihen, bei denen keine Zinsen auf das angelegte Kapital gezahlt werden. Sukuk ist ein Instrument des Islamischen Bankwesens. Inhaltsverzeichnis 1 … Deutsch Wikipedia
Sukuk — Les sukuk (en arabe صكوك, pluriel de صك sukk) sont des certificats d investissements conformes à la recommandation religieuse issue du Coran interdisant aux fidèles directement le prêt à intérêt (riba). Il consiste pour la banque à acheter un… … Wikipédia en Français
Sukuk — An Islamic financial certificate, similar to a bond in Western finance, that complies with Sharia, Islamic religious law. Because the traditional Western interest paying bond structure is not permissible, the issuer of a sukuk sells an investor… … Investment dictionary
SÜKUK — (Bak: Sukuk … Yeni Lügat Türkçe Sözlük
Sukuk — Tradable asset backed financial certificates, designed to be compliant with Shari ah. Can be regarded as an Islamic equivalent of a bond. Exchange Handbook Glossary … Financial and business terms
şükuk — ə. «şəkk» c. şəklər, şübhələr … Klassik Azərbaycan ədəbiyyatında islənən ərəb və fars sözləri lüğəti
SUKUK — şeriat mahkemesince verilen ilâmlar ve onda geçen tabirler … Yeni Lügat Türkçe Sözlük
ŞUKUK — (Şakk. C.) Çatlaklar, yarıklar … Yeni Lügat Türkçe Sözlük
ŞÜKUK — (Şekk. C.) Şekler, şüpheler … Yeni Lügat Türkçe Sözlük
