ISLAMIC CAPITAL MARKET
Sukuk
Sukuk (Arabic: صكوك, plural of صك sakk, "legal instrument, deed, check") is the Arabic name for a financial certificate but can be seen as an Islamic equivalent of bond. However, fixed income, interest bearing bonds are not permissible in Islam, hence Sukuk are securities that comply with the Islamic law and its investment principles, which prohibits the charging, or paying of interest. Financial assets that comply with the Islamic law can be classified in accordance with their tradability and non-tradability in the secondary markets.
Since fixed income, interest bearing bonds are not permissible in Islam,Sukuk securities are structured to comply with the Islamic law and its investment principles, which prohibits the charging, or paying of interest.
At Webshariah Solutions , our team members possess Shariah qualifications and over a decade of experience in structuring, drafting, advisory and consultation work in relation to Sukuk Issuances and Offerings as well as other Islamic capital market products and instruments. Our Sukuk arrangement complete with training and operational manual.