Sukuk: The most common Arabic term used for Islamic securities in the market today is sukuk (plural for sakk). Literally, sukuk means certifications. Some have defined sukuk as papers representing financial obligations arising from trade and other commercial activities while others have defined sukuk as similar to trust certificates which represent a share in an asset or business venture. AAOIFI defined sukuk as "certificates of equal value representing undivided shares in ownership of tangible assets, usufruct and services, assets of particular projects or special investment activity". IFSB defined sukuk as "certificates that represent the holder's proportionate ownership in an undivided part of an underlying asset where the holder assumes all rights and obligations to such asset". Securities Commission Malaysia (SC) defined sukuk as "document or certificate which represents the value of an asset".
|Resolution No. 137 (3/15): Sukuk Al-ijarah|
|قرار 188 (3/20) بشأن استكمال موضوع الصكوك الإسلامية|
|What Is the Ruling on the Islamic Lease Sukuk for the Government of Bahrain?|
|Is It Allowed to be a Lead Manager for Sukuk that are not Tradable in the Secondary Market?|