Sukuk securities are Islamic financial instruments that comply with Sharia law because they prohibit the traditional interest-paying bond structure of Western markets. Instead, the issuer sells the investor (or group of investors) a certificate and uses the proceeds to purchase an asset that is partially owned by the investor(s), while committing to buy back the certificate at a future date for par value.
Two reference data fields are available to identify Sukuk securities:
- International Sukuk (17475)
- Domestic Sukuk (17476)
Add Comment