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Sukuk, also known as Islamic bonds, is a financial instrument that adheres to Islamic law or Shariah principles. Unlike traditional bonds, Sukuk represents ownership in an underlying asset or project, rather than debt. This means that investors are buying a share in the ownership of the asset or project, which generates a return based on the profits generated by the asset. Sukuk is becoming increasingly popular globally due to its unique structure and adherence to Shariah principles. It has been estimated that the global Sukuk market is worth over $1.3 trillion. With the growing interest in ethical and socially responsible investing, Sukuk is a viable option for investors looking to diversify their portfolios while adhering to Islamic principles.

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