-
Since interest is forbidden under Sharia law, companies enter sale-and-leaseback arrangements with trusts that issue certificates called sukuks.
FORBES: How To Make Money In The Middle East
-
It just happens that in well-structured sukuks his claim on the asset is senior to that of the issuer.
FORBES: Don't Call It Interest
-
These sukuks have proved enormously popular among large banks for obvious reasons--they are bonds in all but name, and therefore familiar and acceptable.
FORBES: Legal Lip Service