Definitions for "Sukuk"
Islamic certificates or notes. Mechanics are similar to trust certificates issued by conventional issuers.
A certificate entitling the holder to the benefits of the income stream of the assets backing the certificate. Equivalent to a Fixed income bond.
Quick definition: a conventional bond In conventional terms they are not quite the same as a bond is asset backed and the term ï¿1/2sukukï¿1/2 describes the proportionate beneficial ownership in the asset itself. The company leases the asset to the client so they can take the profits arising from the sukuk.
Keywords:  obliga, tion, promissory, english, root
the root word for 'check' in English, a paper representing a financial obliga-tion ranging in application from promissory notes to checks to assignments of ownership interests.