Introduction to Islamic Capital Markets
Type
Practical Guidance
Document type
Practice Note
Date
19 Sep 2023
Jurisdiction
Kuwait
Taxonomy
Islamic Finance
Copyright
LexisNexis
Overview
This Practice Notes provides a high-level introduction to Islamic capital markets in the GCC.
Definitions
ICM: Islamic Capital Market.
Sukuk: Financial certificates which are equivalent to Sharia-compliant bonds. AAOIFI defines Sukuk as securities of equal determination representing individual ownership interests in a portfolio of eligible existing or future assets.