Sukuk
aid & finance. Also sukuk bond
An Islamic bond, structured as a share in the ownership or earnings of an asset rather than as an interest-bearing loan, so as to comply with Islamic law. Pakistan issues sukuk at home and abroad; in international markets it raised $1 billion in a five-year sukuk in 2017, alongside a $1.5 billion Eurobond, and has issued others since. Pakistan also plans an international sukuk programme.12
Linked from 1 page across CUPA.
Sources
- Pakistan issues $1b Sukuk bond after four-year hiatus. Geo News. Press
- List of eurobonds issued by Pakistan. Wikipedia. Reference
