Monetary and Credit Council approves the issuance of Sukuk bonds by the banking network

According to Tejarat News, Mustafa Ghamriova, Director General of Public Relations of the Central Bank, wrote on his personal page on Twitter: The Monetary and Credit Council, in order to implement paragraph (b) of Article 10 of the Law on Permanent Provisions, Observing the rules and regulations of the Central Bank and after obtaining the approval of the Central Bank agreed.

“Sukuk” is an innovative instrument in accordance with the laws of Islamic law and is defined as financially backed securities that must have value. These securities cannot be profitable based on speculative and speculative activities (in fact, activities that take place without creating value and work).