Dubai Financial Market (DFM) said it has launched the draft of its “Standard for issuing, acquiring, trading sukuk” on its website and has called upon Islamic Finance experts to send feedback on the first of its kind comprehensive standard.
The Standard thoroughly explains various types of sukuk such as; sukuk of ownership of tangible assets, of usufructs, of lease of services, Mudaraba, Musharaka and Salam sukuk, in addition to the general Shari’a principles that govern issuance, owning and trading sukuk and identifying the forbidden financial instruments including; bonds, stocks of companies whose primary activity is prohibited and financial derivatives………………………………………..Full Article: Source