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.

Sergey Dergachev, a portfolio manager with Union Investment, noted that the turmoil had not slowed new issuance in the Gulf, pointing to a sukuk from Saudi Arabia's Public Investment Fund.

From Reuters • Nov. 12, 2023

It also has a Transition Finance Framework through which it can raise cash via transition bonds, sukuk or loans, either through public transactions or private placements.

From Reuters • Sep. 29, 2021

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

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