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- W3184116531 abstract "As sukuk is an Arabic word, examination of sukuk origins should start by looking at the contexts in which this word has been used in the Arabic language. It is evidenced that Arab people used this word during the classical period in two denotations. The first is to strike, to hit, or to touch. In this respect, it is used when two things meet or touch each other, sometimes strongly and with intensity, in various situations, for example, putting the knees closer, closing the door, giving a slap, and shooting an arrow. The Quran (51:29) uses this word as a verb, which is translated thus: ‘Then his wife came forward with a loud voice: she smote her face. Also, the verb form of the word sak can be found in Hadith in Sahih Muslim (one of the six canonical collections of Hadith) (19:4450) where the sahabi (companion) said: ‘...shoot at him an arrow...’. The second meaning of the word sukuk is a book or written document that records and acknowledges debt, property, commercial transactions, or financial rights. In this respect, it has the connotation of dhikru al-haq (right mentioning). One should note that the term sukuk in the current Islamic finance press is originated from the second meaning of the sukuk in Arabic language." @default.
- W3184116531 created "2021-08-02" @default.
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- W3184116531 date "2020-12-12" @default.
- W3184116531 modified "2023-09-23" @default.
- W3184116531 title "HISTORICAL ORIGINS OF SUKUK" @default.
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