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What is a sukuk?

What is a sukuk? Here are some definitions.

Noun
  1. (Islam) A bond that generates a return to an investor without infringing Islamic laws against interest.
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Among other aspects, the Sukuk benefits from a change of control, a negative pledge and a cross acceleration clause provision.
Identifying the Sukuk Shari'ah Committee and the possibility of the DFM's Fatwa and Shari'ah Board to replace it when inexistent.
Last year, ICD acted as Joint Lead Manager for debut regional currency sukuk by the Republic of Senegal, which was closed with oversubscription.
Thomson Reuters and Barwa Bank have released the findings of the fourth consecutive Sukuk Perceptions and Forecast study.

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