Sukuk Bonds


Brent Hourd, Senior Wealth Advisor

"I help my clients achieve peace of mind by providing trusted advice and personalized solutions to meet their financial goals."

  • Investment Philosophy and Process
    Sukuk Bonds

    The global market for sukuk (Sharia-compliant bonds) has grown in recent years. Total outstanding sukuk rose from $8 billion in 2003 to around $100 billion in 2008. Sukuk provides companies and governments with access to financing while also offering a much needed Sharia-compliant instrument to investors.

    Background

    Sukuk (plural of sak) are Sharia-compliant bonds. The main difference between sukuk and bonds is that sukuk holders take direct ownership of an underlying asset or pool of assets, whereas a bond is purely the financial debt of the issuer. Sukuk do not pay interest; rather they generate a return through actual economic transactions in the form of sharing or leasing the underlying assets.

    Malaysia accounts for around 47 percent of global sukuk issuance by market value, followed by the GCC, which is the source of a further 46 percent. Other Sukuk issuers include institutions in Singapore, Sri Lanka, Canada, Thailand, the UK and US.

    If you are interested in buying Sukuk bonds our minimum account size is $300k. This amount can also include other investments offered by ScotiaMcLeod. Most Sukuk bonds are $100k minimum investment per issue, with the most easily accessible ones in US$.
  • Trusted Advice
    I provide my clients with proven industry-leading expertise and the personalized solutions to help make their financial goals a reality.



    For additional information on Brent Hourd please see his main webpage below:

    www.advisors.scotiamcleod.com/bhourd
  • Mailing Address

    Brent Hourd
    Senior Wealth Advisor
    ScotiaMcLeod, Toronto, Canada

    Tel: 416-863-7726
    Email: brent_hourd@scotiacapital.com
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