The AAOIFI investment sukuk standards do extend to shares of stock companies, certificates of funds, and investment portfolios.

Question

Quizplus · Accepted Answer

AAOIFI investment sukuk standards specifically relate to Islamic financial certificates that represent a share in the ownership of tangible assets, usufructs, and services or (in the ownership of) the assets of particular projects or special investment activity. They do not extend to shares of stock companies, certificates of funds, and investment portfolios in the conventional sense.

The AAOIFI Investment Sukuk Standards Do Extend to Shares of Stock