sukuk

British

/ ˈsʊkəʊk /

noun

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.

See Examples For:

sukuk

It gave the issuers, GreenSaif Pipelines Bidco S.a.r.l. for the bonds and TMS Issuer S.a.r.l. for the sukuk, an expected rating of A1, the same expected ratings for the bonds and sukuk.

From Reuters ● Feb. 9, 2023

Authorities had been looking to issue an inaugural sukuk in early 2022, according to the IMF.

From Reuters ● Aug. 20, 2021

The proposal was rejected by bondholders and a legal battle started over the validity of the sukuk in both English and UAE courts.

From Reuters ● Mar. 26, 2018

But unlike a bond, which is a money loan, sukuk are structured as investments in hard assets that generate payments.

From New York Times ● Dec. 26, 2013

Like bonds, sukuk make regular payments to investors.

From New York Times ● Dec. 26, 2013

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023