Sukuk definition

Sukuk means a type of Islamic bond that is backed by assets of the issuer that earn profit or rent.

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Sukuk means Sukuk as defined in Sukuk (privately placed) Regulations 2017.

Sukuk means an instrument of equal value representing undivided share in ownership of the identified tangible assets, usufruct and services or in the ownership of the assets of particular projects or special investment activity.

Examples of Sukuk in a sentence

• SIGNATURE PAGE ‌ For and on behalf of {Insert Sukuk Holder Name} By signing above, the person signing confirms they have authority to enter this Undertaking NAME: ..................................................................

• SIGNATURE PAGE ‌ For and on behalf of {Insert Sukuk Holder Name} By signing above, the person signing confirms they have authority to enter this Undertaking.

• Notice of any such replacement and of any change in the specified office of the Paying Agent will be given to the Sukuk Trustee by the Issuer in accordance with this Trust Deed.

• Based on the Ijarah Contract and the Sukuk Ijarah Trusteeship Agreement, the Issuer acts as the mu’jir (lessor) and the Sukuk Ijarah Holder who is represented by the Trustee acts as the mustajir (lessee).

• The Ijarah Reward Installment will be paid for by the Issuer through KSEI as the Paying Agent to the Sukuk Ijarah Holder through the Account Holder on the relevant Ijarah Reward Installment Payment Date based on the List of Account Holders.

More Definitions of Sukuk

Sukuk means a type of Islamic bond th

Sukuk means Islamic securities as defined in the SC’s Islamic Securities Guidelines (Sukuk

Sukuk means certificates of equal value, representing undivided shares in ownership of tangible or intangible assets, usufruct of assets; services or an investment activity, structured in conformity with Islamic law;

Sukuk means Shari’a‐compliant alternative to bonds.

Sukuk means a Syariah Securities in the form of certificate or other evidence of ownership having the same value and representing undivided participation over: 1) ownership of certain tangible asset; 2) beneficial value and service of a certain project and investment activity; or 3) ownership over the asset of a certain project or investment activity.

Sukuk means a type of Islamic bond that is backed by assets of the issuer that earn profit or rent, or as may be defined in Companies Act 2017.

Sukuk means any sukuk certificates (and the assets underlying those sukuk certificates);