Sukuk

Definition

Shariah-compliant certificates used as an Islamic capital-markets instrument.

What it means

Shariah-compliant certificates representing proportional ownership interests in underlying assets or investment activity, used as an Islamic capital-markets instrument rather than a crypto token.

Sources

SAMA Rulebook

Where it appears

Research notes

Securities Commission Malaysia makes digital-asset broking an explicit licensed lane: Research note
DFSA’s June 2025 tokenisation sandbox update points the DIFC toward tokenised bonds, sukuk, fund units, trading, and custody: Research note

Public cases

saudi sukuk private debt control plane: Public case
tokenized asset primary issue distribution servicing: Public case