Sukuk definition

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

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

• The financial liabilities measured at amortised cost are deposit from customers, investment accounts of customers, deposits and placement of banks and other financial institutions, derivative financial liabilities, bills and acceptance payables, Subordinated Sukuk Murabahah and other liabilities.

• This investment is in unquoted shares and is reported at fair value of SAR 43.5 million as at the reporting date in comparison to being reported at cost under IAS 39 of SAR 1.9 million for the previous reporting years.8.1 Movement in investments in Sukuk are as follows: 9.

• Authorized InvestmentsAllocation (Min % - Max%)RiskProfileInvestment Segment (a) Equity Component: Listed Shariah Compliant Equities 0%-100 % High(b) Money Market Component : GoP Ijarah Sukuk, savings deposits, TDR/COI and instruments with scheduled Islamic Bank(s) having long term credit rating of AA- and/or Scheduled Islamic windows of conventional banks.

• The decrease in the cash reserves of the Group was principally due to dividend payments to shareholders, repayments of the Islamic Medium-Term Notes (“IMTN”) under a IMTN (Sukuk) Programme issued by Cerah Sama Sdn Bhd (“Cerah Sama”) and interest payments during the financial year.

• Parties InvolvedWHO YOU ARE INVESTING WITH?• The investment company is Franklin Templeton Shariah Funds – Franklin Global Sukuk Fund.• The management company is Franklin Templeton International Services S.à r.l.• The investment manager is Franklin Templeton Investments (ME) Limited.• The depositary bank is J.P. Morgan SE, Luxembourg Branch.• The Shariah Supervisory Board is Amanie Advisors Sdn.

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 (SukukGuidelines);

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:

Sukuk means a type of Islamic bond that is backed by assets of the issuer that earn profit or rent (Privately Placed) Regulations 2017.

Sukuk means a document or certificate, documenting the undivided ownership or investment in the assets in accordance with Shariah principles and concepts endorsed by the relevant authority;

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;