Talk:Sukuk
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this definition sucks! i looked back at some fo the previous defintions, and they were so much better. for me, the central issue is that a sukuk is an islamic equivalent of a bond, a fixed insturment security. Why is there so much meaningless waffle about islamic finance in this artcile, when the real issues is missed? thanks, to anyone that can improve this. Chris —Preceding unsigned comment added by 86.27.92.224 (talk • contribs)
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- I agree. The previous version was removed because it was a cut-and-pasted copyright violation from some other site, and this version sounds suspiciously like it's copied from somewhere else too. Want to take a crack at writing a short and succinct explanation of the Sukuk concept yourself? Be WP:BOLD and go for it.... wikipediatrix 16:45, 9 September 2006 (UTC)
>>You guys are harsh! meaningless waffle - well i think both of you misunderstand.
Indeed Sukuk are the nearest thing to an islamic 'bond' but that gives no understanding as why there is a need for an alternative for islamic investors - Sukuk?
The key point is that within islamic finance they cannot invest in conventional fixed income securities and hence have created a kind of subsititute that is acceptable for muslim investors. Why can't they invest in conventional bonds? well for the key reasons/principles mentioned in the definition. As such, I felt understanding why they cannot invest in typical bonds gives a better understanding of what are the key structural features in Sukuk and how they are different. Now the layman can survive very well calling it an 'islamic bond', but for those who want to understand the differences and the reason for them - i think this helps.
Wikipediatrix is right is that in is a massively summarised version of an 8000 word paper "I" wrote on the subject. Its been cited by FT, Bloomberg, Reuters, Gulf News, MEED et al. The author also provides commentary/info on the topic to BusinessWeek and the Economist.
Sorry if you thought my contribution useless, I saw a blank space under the defn (never saw the old one you mention) and thought the topic was too important to leave empty - its a shame that you are confident enought to rubbish my effort while offering no contribution of your own.. Anyhow free country/web etc.. and i think Wikipedia is one amazing phenomenon.
kho.
[edit] so what are they?
The article doesn't anywhere actually define sukuk, or explain how they work. What sort of agreement do they embody? What are the typical terms and mechanisms? The article says that they cannot charge or pay interest in the usual sense due to Islamic law, but doesn't say what they do do instead. --Delirium 23:13, 7 September 2007 (UTC)
I agree with kho that you're being harsh, and this was a great help to me. Magpie68 (talk) 13:04, 17 December 2007 (UTC)
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>Go to the ROOTS : It would be useless to delve deeper into the complexity of Sukuk and other 'so-called' Islamic financial products. I would highly recommend for anyone who wants an authentic analysis of the MONEY ITSELF!
PS. : Anyone can challenge the author's conclusions but that would require you to present your analysis in opposition to the facts stated hereby in the article.
Here's the link to that article by Dr. Imran N.Hosein : <a href="http://www.imranhosein.org/content/view/103/1/">Islam and the Future of Money</a>
regards, Salman Ul Haq, m.salmanulhaq@yahoo.com
