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

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

Moody's Investor Service said it expected around $11 billion to be raised from the sale of bonds and sukuk.

From Reuters

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

"This decline is on account of the payment of US $1,000 million against maturing Pakistan International Sukuk and some other external debt repayments," the statement said.

From Reuters

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