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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.

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

Etihad last year raised $600 million via “transition” sukuk, or Islamic bonds - meant to help companies gradually switch to more environmentally sustainable operations.

From Reuters • Sep. 29, 2021

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

From Reuters • Aug. 20, 2021

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

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

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