The subscribers to the ijarah fund are issued certificates commonly known as sukuk in Islamic finance.

Name: The subscribers to the ijarah fund are issued certificates commonly known as sukuk in Islamic finance.
Brand: Quizplus
Rating: 5.0 (49 reviews)

Question

Quizplus · Accepted Answer

Sukuk are Islamic financial certificates, similar to bonds in Western finance, that comply with Islamic religious law (Sharia). The ijarah fund, which is based on a lease or rental agreement, issues sukuk to its subscribers, representing their ownership or investment in the fund.

The Subscribers to the Ijarah Fund Are Issued Certificates Commonly