⌘ K
In plain terms
Sukuk
Pronunciation guide not yet available.
Source entry · Editorial review pending ↗
Sukuk are certificates representing ownership in an underlying asset or project, structured as an alternative to conventional, interest-bearing bonds. Returns come from the asset's performance, not a fixed interest payment. Fatwas on specific sukuk products examine how closely their structure matches this description.
Related terms
Riba
Riba is the term used in the Qur'an and hadith for an unjustified increase in a loan or in certain exchanges. It is commonly translated as interest or usury. Fatwas on banking…
Musharakah
Musharakah is a partnership in which two or more parties contribute capital and share both profit and loss by agreed terms. It differs from mudarabah, where only one party…