Sukuk can be trading in secondary markets.

Sukuk is normally
known as an Islamic or Sharia compliant ‘Bond’ in actual fact which it is an asset-backed trust certificate. In its simplest form Sukuk is
a certificate evidencing ownership of an asset. The Sukuk structures rely on
the creation of a Special Purpose Vehicle (SPV) who issue Sukuk certificates to the investors. The return profit
that Sukuk
could base on Mudaraba, Musharaka, Murabaha, Salam, Istisna, Ijara or hybrid of
these.  This is used to provide alternative funding for financing
projects through asset securitization. A recent reform
that allows Islamic Finance to participate in yet another area of conventional
finance.

In Islamic, fixed
income and called as interest (riba) bearing
bonds are not permissible. It is principles prohibit the
charging, or paying of interest. Financial assets that comply with the Islamic law can be trading in secondary
markets. Based upon existing Islamic Financial
transactions, sukuk offer Islamic financial institutions and investors another
way to raise capital through profit sharing without
a prime rate, but achieving the same result as conventional finance. Benefits of sukuk is among financing large enterprises,
an ideal means for investors seeking to deploy streams of capital, manage
liquidity for banks and Islamic financial institutions and equitable
distribution of wealth.

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On the other hand, there have the examples of sukuk
issuance by Japanese companies such as Nomura Holdings and BTMU are motivated
to enter this market is to diversify their funding sources by region and
currency, raise funds aimed at providing sharia-compliant financial services to
the local market, improve their image and name recognition in the Islamic
world, gain access to investors in Southeast Asia and the Middle East, assume
the role of an arranger for future Japanese sukuk issuances, and strengthen
their relationships with governments seeking to develop Islamic financial
markets and with major market players.