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Sukuk Bond

A sukuk is an Islamic financial certificate, similar to a bond in Western finance, that complies with Sharia - Islamic religious law

The issuer of a sukuk sells an investor group a certificate, and then uses the proceeds to purchase an asset, of which the investor group has partial ownership. The issuer must also make a contractual promise to buy back the bond at a future date at par value.

Sukuks represent aggregate and undivided shares of ownership in a tangible asset as it relates to a specific project or a specific investment activity. An investor in a sukuk therefore does not own a debt obligation owed by the bond issuer, but instead owns a piece of the asset that's linked to the investment. This means that sukuk holders, unlike bond holders, receive a portion of the earnings generated by the associated asset.

Culled from Investopedia

ASI	36,887.20
ASI D/D CHANGE	0.56%
ASI WTD CHANGE	1.17%
ASI YTD CHANGE	37.26%
DEALS	4,119
VOLUME	249,348,515
VALUE	5,202,781,722
CAP	12,766,551,769,006
CAP D/D CHANGE	0.56%
CAP WTD CHANGE	1.17%
CAP YTD CHANGE	38.06%

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