| From Dawn.com: Over the years, Islamic finance has not only increased in size, but has also grown complex as finance professionals compete furiously to produce new sharia-compliant transactions and instruments. This innovation is most visible in the world of sukuk.
Generally referred to as "Islamic bond" , sukuk signifies, speaking more accurately, an investment certificate. The Accounting and Auditing Organisation for Islamic Finance Institutions (AAOIFI) defines sukuk as certificates of equal value put to use as common shares and rights in tangible assets, usufructs, and services or as equity in a project or investment activity..... Full Article: Source
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