Showing results for sukuk. Search instead for sukur.

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.

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

A five-year sukuk sale 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

A few non-Muslim African countries, including South Africa, have recently been talking about raising money using the Islamic financial instruments known as sukuk, which function much like bonds.

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