What Is Sukuk ?

Sukuk

In economics, a public good refers to a commodity or service that is made available to all members of a society. Typically, these services are administered by governments and paid for collectively through taxation. Examples of public goods include law enforcement, national defense, and the rule of law. Public goods also refer to more basic goods, such as access to clean air and drinking water.

KEY TAKEWAYS

• A sukuk is a sharia-compliant bond-like instruments used in Islamic finance. 
• Sukuk involves a direct asset ownership interest, while bonds are indirect interest-bearing debt obligations.
• Both sukuk and bonds provide investors with payment streams, however income derived from a sukuk cannot be speculative that would make it no longer halal.