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Showing results for sukuk. Search instead for sukur.

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

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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

Serba’s shares have been suspended since Dec. 15 after it defaulted on a $222.22 million sukuk.

From Reuters Dec. 29, 2021

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

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

Like bonds, sukuk make regular payments to investors.

From New York Times Dec. 26, 2013

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