What Are Sukuk, and How Do They Work?
Sukuk are normally incorrectly referred to as an Islamic bond. The concept was developed by a majority of the Muslim population. In brief, we can say that Sukuk are financial products that comply with the structure and terms of shariah. The concept is now being used for lending money in Malaysia and some other parts of the world. If you are interested to know more about a Sukuk and how it works, you can go through the following article. It will enable you to understand the concept in a better way. When you buy a bond, you give a loan to the person and get an interest rate in return for a fixed time. You will receive the interest annually for a fixed timeframe. You will get back the value of the bond once the period gets over. However, Shariah does not support the interest rate. Sukuk come in here …