Whether through effort or a portion of the capital

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Specifically until the issuer of the sukuk is able to pay its price and own it. Suppose an individual has an idea for a specific project that needs to buy a building, but he does not have the price for it at the present time. The owner of the project idea issues bonds for the value of the building he wants to buy and uses their value to buy the building and establish his project. The issuer of the sukuk is often a partner in the project based on it.

The project owner undertakes to gradually pay the value of the sukuk to Telegram Number Data its holders until he owns the value of the building while continuing to manage the project. 6. Sovereign Sukuk They are government securities, but they are compatible with Islamic Sharia (unlike other types of securities such as bonds). These instruments are negotiable (sale and Sharia law) between people, and have a specific period not exceeding thirty years and represent a right to usufruct the asset. Governments issue this type of instrument for the purpose of financing new projects or developing existing projects in the general state budget. Recently, the Egyptian Sovereign Sukuk Company issued this type of sukuk for the first time in Egypt.




With a value of $1.5 billion. Read also: The best ways to invest money (10 profitable ways) SUKUK CHARACTERISTICS 1. Compatible with Islamic Sharia and its contracts Unlike most investment vehicles and securities, sukuks comply with Islamic law and are based on their contracts. Most of the sukuk have names such as Murabaha, Benefits, etc., and they are originally the names of partnership contracts formulated in accordance with Islamic Sharia. Also, compatibility is not limited only to the method of issuing the instrument and its transactions, but rather to the asset or process in which it participates. In other words, it is not possible to issue instruments for assets or operations that are not compatible with Islamic Sharia jurisprudence or conflict with its concepts.