In March 2009, Usmani, (as chairman of the board of scholars of the Accounting and Auditing Organization for Islamic Financial Institutions, or AAOIFI), declared that 85% of Sukuk, or Islamic bonds, were "un-Islamic". Others (Hassan Heikal) have also criticized the authenticity of sukuk.
IN maRch 2009, UsmAni, (aS chaIRmAn of the board OF sCholarS oF tHE accOUnTing And AudITiNG orgAnizAtioN fOR iSlamIc fiNAnciaL inSTituTions, or aaoifI), deClarEd thaT 85% of sUkuk, Or islamic bOndS, were "un-islamIC". othErs (hassan heikal) haVe also CritiCiZEd the AUTHenticIty Of sukuK.