Results for tag: "Sukuk"

Sukuk is a form of Islamic finance that is based on the principles of Islamic law (Sharia). It is a type of asset-backed security that is structured to comply with Sharia principles. Sukuk are similar to bonds, but instead of paying interest, they pay returns based on the underlying asset. The asset can be a tangible asset such as real estate or an intangible asset such as a business venture. The returns are generated from the underlying asset and are distributed to the investors in the form of dividends. Sukuk are used to finance a variety of projects, including infrastructure, energy, and real estate. They are also used to finance Islamic banking and finance activities. The Sukuk market has grown significantly in recent years, with a number of countries issuing Sukuk to finance their projects. Some of the major players in the Sukuk market include the Islamic Development Bank, the Dubai Islamic Bank, the Abu Dhabi Islamic Bank, and the Qatar Islamic Bank. Other companies in the market include the Bahrain Islamic Bank, the Kuwait Finance House, and the Saudi British Bank. Show Less Read more