Examination of the AAOIFI pronouncement on Sukuk Issuance and its implication on the Future Sukuk structure in the islamic capital market in Malaysia.

The Shariah compliant bond defined as "sukuk" has become one of the most dynamic tools for capital mobilization in both the Islamic and conventional capital markets. ItseQ' rapid growth and development has proved it to be a viable tool for raising capital in the international capital...

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Main Authors:	Mohammed Idris, Umar, Lahsasna, Ahcene
Format:	Book Chapter
Language:	English
Published:	IIUM Press 2011
Subjects:	HG Finance HG4501 Stocks, investment, speculation
Online Access:	http://irep.iium.edu.my/18752/ http://irep.iium.edu.my/18752/ http://irep.iium.edu.my/18752/1/Examination_of_the_AAOIFI_Pronouncement.pdf

id	iium-18752
recordtype	eprints
spelling	iium-187522012-11-06T11:05:38Z http://irep.iium.edu.my/18752/ Examination of the AAOIFI pronouncement on Sukuk Issuance and its implication on the Future Sukuk structure in the islamic capital market in Malaysia. Mohammed Idris, Umar Lahsasna, Ahcene HG Finance HG4501 Stocks, investment, speculation The Shariah compliant bond defined as "sukuk" has become one of the most dynamic tools for capital mobilization in both the Islamic and conventional capital markets. ItseQ' rapid growth and development has proved it to be a viable tool for raising capital in the international capital markets through Islamically acceptable structures. By the end of2007, the total issues value was estimated at USS35 billion. However, the recent AAOIFI pronouncement on sukuk has created some fear among the investment sectors as well as the sukuk industry. The AAOIFI preannouncement has resulted in the existence of additional standards that have to be observed by the issuers in order to comply with the Shariah rules and regulations. This has somehow slowed down the growth of the instrument in the first quarter of the year 20 II. Although the pronouncement has some impacts and implications on the sukuk industry. there is still an optimism of things gelling better as it moved further. According to some of the statistics, sukuk issuance in the GCC region has increased by 17%, last year to US$I7 billion, which is 30% more than conventional paper debt. In this context, the paper is trying to examine the AAOIFI pronouncement on the shariah compliance issues ofsukuk structuring, its impacts and implications on the future issues IIUM Press 2011 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/18752/1/Examination_of_the_AAOIFI_Pronouncement.pdf Mohammed Idris, Umar and Lahsasna, Ahcene (2011) Examination of the AAOIFI pronouncement on Sukuk Issuance and its implication on the Future Sukuk structure in the islamic capital market in Malaysia. In: Islamic Banking & Finance: Issues & Solutions. IIUM Press, IIUM, pp. 109-135. ISBN 978-967-022-590-6 http://rms.research.iium.edu.my/bookstore/default.aspx
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG Finance HG4501 Stocks, investment, speculation
spellingShingle	HG Finance HG4501 Stocks, investment, speculation Mohammed Idris, Umar Lahsasna, Ahcene Examination of the AAOIFI pronouncement on Sukuk Issuance and its implication on the Future Sukuk structure in the islamic capital market in Malaysia.
description	The Shariah compliant bond defined as "sukuk" has become one of the most dynamic tools for capital mobilization in both the Islamic and conventional capital markets. ItseQ' rapid growth and development has proved it to be a viable tool for raising capital in the international capital markets through Islamically acceptable structures. By the end of2007, the total issues value was estimated at USS35 billion. However, the recent AAOIFI pronouncement on sukuk has created some fear among the investment sectors as well as the sukuk industry. The AAOIFI preannouncement has resulted in the existence of additional standards that have to be observed by the issuers in order to comply with the Shariah rules and regulations. This has somehow slowed down the growth of the instrument in the first quarter of the year 20 II. Although the pronouncement has some impacts and implications on the sukuk industry. there is still an optimism of things gelling better as it moved further. According to some of the statistics, sukuk issuance in the GCC region has increased by 17%, last year to US$I7 billion, which is 30% more than conventional paper debt. In this context, the paper is trying to examine the AAOIFI pronouncement on the shariah compliance issues ofsukuk structuring, its impacts and implications on the future issues
format	Book Chapter
author	Mohammed Idris, Umar Lahsasna, Ahcene
author_facet	Mohammed Idris, Umar Lahsasna, Ahcene
author_sort	Mohammed Idris, Umar
title	Examination of the AAOIFI pronouncement on Sukuk Issuance and its implication on the Future Sukuk structure in the islamic capital market in Malaysia.
title_short	Examination of the AAOIFI pronouncement on Sukuk Issuance and its implication on the Future Sukuk structure in the islamic capital market in Malaysia.
title_full	Examination of the AAOIFI pronouncement on Sukuk Issuance and its implication on the Future Sukuk structure in the islamic capital market in Malaysia.
title_fullStr	Examination of the AAOIFI pronouncement on Sukuk Issuance and its implication on the Future Sukuk structure in the islamic capital market in Malaysia.
title_full_unstemmed	Examination of the AAOIFI pronouncement on Sukuk Issuance and its implication on the Future Sukuk structure in the islamic capital market in Malaysia.
title_sort	examination of the aaoifi pronouncement on sukuk issuance and its implication on the future sukuk structure in the islamic capital market in malaysia.
publisher	IIUM Press
publishDate	2011
url	http://irep.iium.edu.my/18752/ http://irep.iium.edu.my/18752/ http://irep.iium.edu.my/18752/1/Examination_of_the_AAOIFI_Pronouncement.pdf
first_indexed	2023-09-18T20:27:55Z
last_indexed	2023-09-18T20:27:55Z
_version_	1777408541215162368

Examination of the AAOIFI pronouncement on Sukuk Issuance and its implication on the Future Sukuk structure in the islamic capital market in Malaysia.

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