Sukuk: Bridgining the gap in the US - Taylor de Jongh


The financing of infrastructure through sukuk, an Islamic financing instrument that resembles asset-backed securities, is beginning to mature and could contribute to filling the investment gap that exists in infrastructure markets, particularly in the US.Sukuk, as a form of Islamic finance, consider money as a medium of exchange instead of an asset by itself. Therefore an underlying asset that is compliant with Islamic principles must be available to back the sukuk. Like conventional bonds, sukuk can be traded, rated by credit agencies and redeemed. 

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