Sukuks: Islamic Debt Instruments

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Similar to conventional bonds, sukuks are Islamic debt instruments. Sukuks are also known as “trust certificates” or “participation securities.” Sukuks are part of an emerging Islamic financial market that, per Moody’s Investor Service estimates, will hit $4,000 bn. In the legal academy, sukuks are unfamiliar debt instruments. The purpose of this post is to explain the Islamic law behind sukuks. Read the entire piece with comments.

Comments

  1. AhmadMonday, September 23, 2013 at 5:40:00 AM CDT

    Thanks for sharing such a nice and great piece of information. No doubt it is great insight for further reading.

    ReplyDelete

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