Difference between revisions of "Sakk"
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A '''sakk''' was a [[letter of credit]] issued and honored by [[Islamic]] [[bank]]s to facilitate commercial transactions. <ref>[http://sukuk.net/news/articles/3/What_is_Sukuk_.html What is Sukuk? It is the plural form of a Sakk.]</ref> | A '''sakk''' was a [[letter of credit]] issued and honored by [[Islamic]] [[bank]]s to facilitate commercial transactions. <ref>[http://sukuk.net/news/articles/3/What_is_Sukuk_.html What is Sukuk? It is the plural form of a Sakk.]</ref> | ||
Revision as of 14:16, December 25, 2009
A sakk was a letter of credit issued and honored by Islamic banks to facilitate commercial transactions. [1]