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sukuk

British

/ ˈsʊkəʊk /

noun

a financial certificate that conforms to Muslim strictures on the charging or paying of interest

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of sukuk

Arabic

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

It gave the issuers, GreenSaif Pipelines Bidco S.a.r.l. for the bonds and TMS Issuer S.a.r.l. for the sukuk, an expected rating of A1, the same expected ratings for the bonds and sukuk.

From Reuters • Feb. 9, 2023

Serba’s shares have been suspended since Dec. 15 after it defaulted on a $222.22 million sukuk.

From Reuters • Dec. 29, 2021

Etihad last year raised $600 million via “transition” sukuk, or Islamic bonds - meant to help companies gradually switch to more environmentally sustainable operations.

From Reuters • Sep. 29, 2021

A few non-Muslim African countries, including South Africa, have recently been talking about raising money using the Islamic financial instruments known as sukuk, which function much like bonds.

From New York Times • Dec. 26, 2013

In the United States there have been a few attempts at sukuk.

From New York Times • Dec. 26, 2013

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023