The certificates may be called Sukuk (صكوك) because they represent ownership interests in tangible assets rather than simple debts.
The important point is not the label “Sukuk” itself. What matters is that the certificate genuinely represents asset ownership with its rights and obligations.
Opening interactive controls...
Ijarah Fund and Sukuk: Real Ownership Behind the Certificate
The certificates may be called Sukuk (صكوك) because they represent ownership interests in tangible assets rather than simple debts.
The important point is not the label “Sukuk” itself. What matters is that the certificate genuinely represents asset ownership with its rights and obligations.