#sukuk — Public Fediverse posts

What is #sukuk?
In Islam, interest is prohibited as usury.

"While a bond is a contractual debt obligation of the issuer to pay to bondholders interest and principal, a sukuk is a certificate giving its holders beneficial ownership in the underlying assets. Consequently, sukuk holders are entitled to share in the revenues generated by the sukuk assets as well as being entitled to share in the proceeds of the realization of the sukuk assets."

https://en.wikipedia.org/wiki/Sukuk

"Pakistan’s government can potentially raise as much as Rs4 trillion ($14.3 billion) a year in climate resilience funding through the issuance of green and infrastructure sukuk, a senior member of the finance ministry’s advisory team said on Friday, adding the move may help the country transition toward an interest-free financial system."

https://www.arabnews.com/node/2624322/amp
#sukuk #GreenSukuk

This is potentially a path to climate finance that doesn't break countries by the burden of debt repayments.

Fitch: Oman's 🇴🇲 Islamic finance sector continues to expand with #Sukuk used as public financing. #Oman's Islamic #finance sector is estimated at $31 billion by the end of September 2024 and will exceed 📈 $40 billion over the medium term.

Hashgraph Association to explore digital asset use cases with Qatar stakeholders - The Hashgraph Association will explore digital asset use cases like equi... - https://cointelegraph.com/news/hashgraph-association-qatar-digital-asset-tokenization-use-cases #digitalassetsventurestudio #realestatetokenization #hashgraphassociation #qatardigitalassets #qatarregulations #hederahashgraph #carboncredits #tokenization #fintech #sukuk #qfc

MARC Ratings has assigned a “Gold” Impact Assessment to Malaysia Rail Link Sdn Bhd’s (MRL) SDG Sukuk Framework

The framework has been established to set the guiding principles for MRL’s issuance of SDG Sukuk for specific eligible projects that contribute towards environmental & social benefits

Read more: https://www.marc.com.my/rating-announcements/marc-ratings-assigns-gold-impact-assessment-to-malaysia-rail-links-sdg-sukuk-framework/

#SDG #Sukuk #MRL #MalaysiaRailLink #rail #railway #ECRL #EastCoastRailLink #eastcoast #MARC #rating #impactassessment #impact #assessment #SustainableDevelopmentGoal

HSBC Launches Investment Account Opening Service On Its App #app #apps #banking #bond #feature #hsbc #investment #malaysia #sukuk

https://www.lowyat.net/2023/306856/hsbc-app-investment-account-opening/