Islamic Bonds (Sukuk) unlike the conventional bonds where in the first one bond holder receive percentage of the profit generated from project funded by Sukuk, where the later bond holder receive fixed or variable rate of interest.

Sukuk: Islamic Bonds, or Sharia Compliant bonds.

Commonly used to fund big projects such as infrastructure, large projects.

Global SUKUK value estimated $500 billion.

Unlike conventional bonds, Bond holders receive agreed percentage of profit rather than fixed or variable interest.

Also; Sukuk backed up by the underlying asset, and each SAKK (Bond) represents a share value in the asset.

Bondholders can be: Individuals, States, Companies, Investment Funds, Private Portfolios, ..etc.