An Overview of Sukuk Liquidity Market Issues in the Shariah Perspective
Table 1: Types of sukuk and salability status in the secondary market
Types of Sukuk | Salability Status in the Secondary Market |
Sukuk Ijarah | Can be traded at market prices |
Sukuk Salam | Can be traded at par price only |
Sukuk Istisna’ | Can be traded when funds (cash) have been converted into physical assets |
Sukuk Murabahah | Can be traded when the commodity has been purchased and before it is handed over to the buyer |
Sukuk Musyarakah, Mudarabah & Wakalah | Can be traded at market price when the project has started |