Types of Non-traditional Bonds (Sukuk) and Their Characteristics
摘要
The objective of the research is to uncover the various categories of non-traditional bonds, which encompass asset-based bonds, profit-sharing bonds, and debt-based bonds. Additionally, the aim is to determine the distinguishing characteristics of these bonds. The findings of the study indicate that all forms of bonds are considered an excellent option for investors who wish to avoid conventional financial instruments that may contain elements that are usurious. This adherence is achieved through the implementation of financial structures based on non-conventional contracts like mudarabah, musharakah, ijara, murabaha, and Istisna, as well as through the utilization of salam bonds, sovereign bonds, and green bonds. These measures ensure fairness and transparency in all financial transactions.