Sukuk Stocks List

Recent Signals

Date Stock Signal Type
2019-10-16 IBDK Fell Below 20 DMA Bearish
2019-10-16 IBDK Non-ADX 1,2,3,4 Bearish Bearish Swing Setup
2019-10-16 IBDK Lizard Bearish Bearish Day Trade Setup
2019-10-16 IBDK Doji - Bearish? Reversal
2019-10-16 IBDK Shooting Star Candlestick Bearish
2019-10-16 IBDK Fell Below 50 DMA Bearish
2019-10-16 IBDM Crossed Above 50 DMA Bullish
2019-10-16 IBDM Pocket Pivot Bullish Swing Setup
2019-10-16 IBDM Bollinger Band Squeeze Range Contraction
2019-10-16 IBDM Crossed Above 20 DMA Bullish
2019-10-16 IBDN Crossed Above 50 DMA Bullish
2019-10-16 IBDN Non-ADX 1,2,3,4 Bullish Bullish Swing Setup
2019-10-16 IBDN 20 DMA Resistance Bearish
2019-10-16 IBDO Crossed Above 50 DMA Bullish
2019-10-16 IBDO NR7 Range Contraction
2019-10-16 IBDP 50 DMA Resistance Bearish
2019-10-16 IBDQ 20 DMA Resistance Bearish
2019-10-16 IBDQ Stochastic Reached Oversold Weakness
2019-10-16 IBDQ Crossed Above 50 DMA Bullish
2019-10-16 ISTB Non-ADX 1,2,3,4 Bearish Bearish Swing Setup

Sukuk (Arabic: صكوك‎ ṣukūk, plural of صك ṣakk, "legal instrument, deed, cheque") is the Arabic name for financial certificates, also commonly referred to as "sharia compliant" bonds.
Sukuk are defined by the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) as "securities of equal denomination representing individual ownership interests in a portfolio of eligible existing or future assets." The Fiqh academy of the OIC legitimized the use of sukuk in February 1988.Sukuk were developed as an alternative to conventional bonds which are not considered permissible by many Muslims as they pay interest and may finance businesses involved in non-Sharia-compliant activities (gambling, alcohol, pork, etc.). Sukuk securities are structured to comply with Sharia by paying profit, not interest—generally by involving a tangible asset in the investment. For example, Sukuk securities may have partial ownership of a property built by the investment company (and held in a Special Purpose Vehicle), so that sukuk holders can collect the property's profit as rent, (which is allowed under Islamic law). Because they represent ownership of real assets and (at least in theory) do not guarantee repayment of initial investment, sukuk resemble equity instruments, but like a bond (and unlike equity) regular payments cease upon their expiration. However, most sukuk are "asset-based" rather than "asset-backed"—their assets are not truly owned by their Special Purpose Vehicle, and their holders have recourse to the originator if there is a shortfall in payments.Different types of sukuk are based on different structures of Islamic contracts (Murabaha, Ijara, Istisna, Musharaka, Istithmar, etc.) depending on the project the sukuk is financing.According to the State of the Global Islamic Economy Report 2016/17, of the $2.004 trillion of assets being managed in a sharia compliant manner in 2014, $342 billion were sukuk, being made up of 2,354 sukuk issues.In common usage outside of Arabic-speaking countries, the word "sukuk" is often used both as singular as well as plural. (In the Arabic language, "sukuk" is plural, "sakk" is singular.)

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