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Souq Dailyسوق ديليSouq Daily

Lesson 8 of 104:004 Sources

Sukuk and Sharia-compliant investing

Video coming soon

Presented by NourIn Arabic, with captions. Other languages are coming.

Educational content, not investment advice. Nour explains how markets work. She never tells you what to buy or sell.

A neutral, informational overview — for rulings, consult qualified scholars.

  • Key features (World Bank): prohibition of riba (interest) and gharar (excessive uncertainty), risk-sharing, and links to real assets.
  • AAOIFI defines investment sukuk as certificates of equal value representing undivided shares in ownership of assets, usufruct, services or a project.
  • Unlike a conventional bond (pure debt paying interest), sukuk give ownership-based claims.
  • IFSB: Islamic finance assets reached about USD 3.88 trillion in 2024; sukuk issuance rose 25.6%.
  • Stock screening covers business activity and financial ratios, e.g. non-permissible income under 5%, which is purified.

Quick check

Three questions. Pick an answer to see why.

0/3

  1. 1.What is the key difference between a sukuk and a conventional bond?

  2. 2.In an ijarah (lease) sukuk example, where does the holder's return come from?

  3. 3.Which is true about Sharia-compliant investments?

Sources

Every fact in this lesson is backed by the sources below.

  1. 1.World Bank – Realizing the Potential of Islamic Finance (Economic Premise No. 77, 2012)Prohibition of riba and gharar, risk-sharing, asset backing; sukuk ownership-based vs conventional bonds as pure debt
  2. 2.AAOIFI – Shari'ah Standard No. 17: Investment SukukAAOIFI definition of investment sukuk and list of sukuk types
  3. 3.IFSB – Islamic Financial Services Industry Stability Report 2025 (press release, 16 May 2025)Islamic finance assets USD 3.88 trillion in 2024 (+14.9%); sukuk issuances +25.6%
  4. 4.AAOIFI (Secretary General) – Shari'ah Screening in the Islamic Capital MarketsBusiness-activity exclusions; financial ratios; non-permissible income <5%; purification to charity

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