Sukuk means a type of Islamic bond that is backed by assets of the issuer that earn profit or rent.

Sukuk means Sukuk as defined in Sukuk (privately placed) Regulations 2017.

Sukuk means an instrument of equal value representing undivided share in ownership of the identified tangible assets, usufruct and services or in the ownership of the assets of particular projects or special investment activity.

Examples of Sukuk in a sentence

Customer will reimburse Consultant for reasonable out-of-pocket expenses incurred in the provision of Services, including, without limitation, travel, accommodation, meal and like expenses for Services performed at a Customer or Customer client location and fonts, media, hardware and additional software required in connection with the performance of a Service or provision of a deliverable under a Statement of Work.
The Sukuk has a tenor of ten years with the Bank retaining the right to call the Sukuk at the end of the first five year period, subject to certain regulatory approvals.
The Sukuk may also be called upon occurrence of certain other conditions as per the terms specified in the offering circular.
The Sukuk carries a half yearly profit equal to six month SIBOR plus 1.45%.
The rental rates of returns on these Sukuk can be both fixed and floating, depending on the particular originator.

More Definitions of Sukuk

Sukuk means a type of Islamic bond th

Sukuk means Islamic securities as defined in the SC’s Islamic Securities Guidelines (SukukGuidelines);

Sukuk means Shari’a‐compliant alternative to bonds.

Sukuk means certificates of equal value, representing undivided shares in ownership of tangible or intangible assets, usufruct of assets; services or an investment activity, structured in conformity with Islamic law;

Sukuk means Syariah Stock in the form of certificate or ownership evidence having the same value and representing the investment part inseparable or undistributed of: 1) Ownership of tangible assets; 2) The value of benefit and service of certain project or certain investment activities; or 3) Ownership in respect of certain project assets or certain investment activities.

Sukuk means a document or certificate, documenting the undivided ownership or investment in the assets in accordance with Shariah principles and concepts endorsed by the relevant authority;

Sukuk means a type of Islamic bond that is backed by assets of the issuer that earn profit or rent (Privately Placed) Regulations 2017.