Sunday, 24 January 2021

Clarification regarding issuance of Sukuk by government

Sukuk are Shariah compliant borrowing instruments backed by physical assets, and are structured so as to pay returns on investment as rent instead of interest by utilizing an underlying asset. Sukuk are not only issued to support the Government’s budgetary position, but also to promote Islamic banking finance in the country, which is a constitutional […]

from Daily Times https://ift.tt/36bnv21

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