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ARAB EMIRATES WEBSITES
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sukuk.ae
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Domain name - sukuk.ae
Site title - Etisalat Module Library -
Go to website - Etisalat Module Library -
Words count at sukuk.ae:
etisalat - 2
this - 2
search - 2
names - 2
click - 2
the - 2
button - 2
below - 2
your - 2
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Site GEO location
Location Country - United Arab Emirates
City/Town - Dubai
Provider - Emirates Telecommunications Group Company (etisalat Group) Pjsc
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☆ sukuk.ae. 21596 IN A 5.195.192.98
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Brief facts about sukuk:
Sukuk is the Arabic name for financial certificates, also commonly referred to as "sharia compliant" bonds. Sukuk are defined by the AAOIFI as "securities of equal denomination representing individual ownership interests in a portfolio of eligible existing or future assets." The Fiqh academy of the OIC legitimized the use of sukuk in February 1988. Sukuk were developed as an alternative to conventional bonds which are not considered permissible by many Muslims as they pay interest, and also may finance businesses involved in activities not permitted under Sharia. Sukuk securities are structured to comply with Sharia by paying profit, not interest—generally by involving a tangible asset in the investment. For example, Sukuk securities may have partial ownership of a property built by the investment company, so that sukuk holders can collect the property's profit as rent,.
Islamic banking and financing - Islamic banking, Islamic finance, or Sharia-compliant finance is banking or financing activity that complies with Sharia and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabah, wadiah, musharaka, murabahah, and ijara.
Murabaha - Murabaḥah, murabaḥa, or murâbaḥah was originally a term of fiqh for a sales contract where the buyer and seller agree on the markup or "cost-plus" price for the item being sold.
Profit and loss sharing - Profit and Loss Sharing refers to Sharia-compliant forms of equity financing such as mudarabah and musharakah. These mechanisms comply with the religious prohibition on interest on loans that most Muslims subscribe to.
Gemach - Gemach is a Jewish free-loan fund that subscribes to both the positive Torah commandment of lending money and the Torah prohibition against charging interest on a personal loan to a fellow Jew. Unlike bank loans, gemach loans are interest-free, and are often set up with easy repayment terms.
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