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sukuk

British  
/ ˈsʊkəʊk /

noun

  1. a financial certificate that conforms to Muslim strictures on the charging or paying of interest

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of sukuk

Arabic

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The consortium is issuing amortising conventional bonds and sukuk to begin refinancing a $13.4 billion bridge loan that backed the stake purchase.

From Reuters • Feb. 9, 2023

A simple majority from creditors at the meeting is needed to secure a binding agreement for all 501 claimants, which include holders of the firm's $500 million sukuk.

From Reuters • Jun. 16, 2022

A sukuk issue under the company’s $1 billion trust certificate issuance programme will follow, subject to market conditions.

From Reuters • Jul. 5, 2021

The amount of sukuk sold each year has grown sixfold from 2006 to 2012, to some $133 billion, according to Thomson Reuters’s Islamic financial data service, Zawya.

From New York Times • Dec. 26, 2013

In the United States there have been a few attempts at sukuk.

From New York Times • Dec. 26, 2013

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