Sukuk (صكوك, plural of صك Sakk, `legal instrument, deed, check`) is the Arabic name for financial certificates, but commonly refers to the Islamic equivalent of bonds. Since fixed income, interest bearing bonds are not permissible in Islam, Sukuk securities are structured to comply with the Islamic law and its investment principles, which .....
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http://en.wikipedia.org/wiki/Sukuk
Tradable asset-backed financial certificates, designed to be compliant with Shari'ah. Can be regarded as an Islamic equivalent of a bond.
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http://www.exchange-handbook.co.uk/index.cfm?section=glossary&first_letter=
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