@motasim@bilalgilani Sukūk (plural of Sakk) are certificates, with each Sakk representing a proportional undivided ownership right in tangible and intangible assets, monetary assets, usufructs, services, debts or a pool of these assets, or a business venture (such as Muḍārabah or Mushārakah).[1/n]
@motasim@bilalgilani These assets, which must be clearly identifiable, may be in a specific project or investment activity in accordance with Sharī`ah rules and principles. [2/n]
Sep 14, 2020 • 10 tweets • 9 min read
Pleasure to Chair this distinguished panel of speakers at #GIFS2020: Former Governor @StateBank_Pak@1sakhtar; Mr. Abbasi, SBP; CEO @faysalbank; CEO @habib_metro; CEO @DibPakistan.
Had excellent discussion on #IslamicFinance issues in 🇵🇰. Thanks @ArifAlvi President for coming.
Excellent recommendations for #IslamicFinance to become relevant and agile. Setting up National Committee for Islamic finance comprising various members from industry @StateBank_Pak@SECPakistan and banks, academia and professionals for setting "Top-down* approach.