TAPPING FROM THE BENEFITS OF SUKUK
Authored by Sherif Olanrewaju T. SUKUK BOND: TAPPING FROM THE OPPORTUNITIES IT OFFERS Once again, Nigerians, especially those whose knowledge are scanty about the array of solutions inherent in the issuance of sukuk bond to the Nigerian capital market, are chanting divisive rhetoric without due consideration for how the socio-economic challenges bedeviling the country can be resolved with it. The ranting has adequately opened the door of opportunities for those who are informed to provide explanations on how the Islamic model seeks to answer our economic questions. What is sukuk bond? Linguistically, sukuk means ‘certificate.’ According to the rules and regulations of the Securities and Exchange Commission 2013, sukuk connotes ‘investment certificates or notes of equal value which evidences undivided interest/ ownership of tangible assets, usufructs and services or investment in the assets of particular projects or special investment activity using Shariah principles and c