AAOIFI Shariah Standard No.17 (Investment Sukuk), broadly defines sukuk as certificates of equal value representing undivided shares in...

The first step in structuring a sukuk is often to analyze what exactly the business of an originator entails and what assets (if any) are...

Alternatively referred to as the “Islamic project bond”, the structure of sukuk al-istisna has not been that widely used. Although, at...