Sukuk

A certificate of ownership in an income-producing asset, structured to comply with the Islamic prohibition on interest. Cash flows resemble a bond's; the legal claim does not, and the difference only appears in a default.

Where Sukuk is explained in depth

The definition above is the short version. These pages put it to work, in the order they use it most:

• Sukuk
• NFT
• The AT1 Write-Down, 2023

Terms this definition uses

• Default

The whole glossary