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Can a non-Islamic company issue a sukuk?

April 26, 2017COMPANY ISSUE non-islamic sukuk

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Can a non-Islamic company issue a sukuk?

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Any institution or company can issuer a sukuk so long as its activities are considered as permissible activities under Shariah. Some prominent non-Islamic companies that have issued sukuk in Malaysia are Shell MDS, Nestle, the World Bank, Tesco and AEON Credit, a Japanese-based company.