MONEY MATTERS: Investing In Sukuk Bond As Alternative Investment

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 77%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Bonds are one of the government-backed and most secured investments. They could either be corporate, investment-grade, high-yield, or municipal, which the

The Debt Management Office recently opened an offering for a 10-year N100 billion Forward Ijarah Sukuk instrument at a rental rate of 15.64 percent per annum, payable half-yearly.

Sukuk refers to sharia-compliant financial instruments representing undivided interests in the ownership of defined assets. Sukuk are based on prescribed principles of Islamic law, and ‘Sukuk’ as an Arabic term relates to investment certificates or notes that indicate proportionate interest of the holders in the ownership of tangible assets, usufructs and services; or investment in the assets of particular projects and activities that adhere to the principles of Shariah.

Sukuk structures mandate accountability and transparency to investors due to its Shariah-compliant nature, thereby promoting better corporate and institutional governance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investing In Monogramming & Embroidery Business (II)Continuing our discuss from yesterday, the monogram and embroidery business is a lucrative venture, we examine below other requirements needed to excel in the
Source: LeadershipNGA - 🏆 4. / 77 Read more »