Murabahah Sukuk structure: the shari'ah challenges and the way forward

Murabahah Sukuk is an Islamic trust contract which includes a disclosure of the original cost and the mark up. Murabahah in Islamic jurisprudence means a contract of sale for the equivalent price of the subject matter which includes its cost along with a known additional profit. The paper discusses...

Full description

Bibliographic Details
Main Authors:	Adam Sa'ad, Auwal, Ibrahim, Uzaimah, Mohammad Deen, Mohd Napiah
Format:	Article
Language:	English
Published:	University of Turin - Italy 2016
Subjects:	HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/69128/ http://irep.iium.edu.my/69128/ http://irep.iium.edu.my/69128/ http://irep.iium.edu.my/69128/1/69128-Murabahah%20Sukuk%20Structure%20The%20Shari%27ah%20Challenges%20and%20the%20way%20forward.pdf

id	iium-69128
recordtype	eprints
spelling	iium-691282019-01-16T06:52:30Z http://irep.iium.edu.my/69128/ Murabahah Sukuk structure: the shari'ah challenges and the way forward Adam Sa'ad, Auwal Ibrahim, Uzaimah Mohammad Deen, Mohd Napiah HG3368 Islamic Banking and Finance Murabahah Sukuk is an Islamic trust contract which includes a disclosure of the original cost and the mark up. Murabahah in Islamic jurisprudence means a contract of sale for the equivalent price of the subject matter which includes its cost along with a known additional profit. The paper discusses issues related to Murabahah Sukuk financing. It also provides the structural overview of Murabahah in terms of Sukuk issuances. The paper highlighted three different ways of structuring Murabahah Sukuk, it looks into the structure of Murabahah for asset acquisition, Murabahah with Inah transaction and lastly Murabahah with tawarruq transaction. The paper concluded that according to the general rules of Shari’ah, Murabahah Sukuk should not be traded at secondary market due to the fact that it involved the sale of debt which is forbidden. However, Murabahah Sukuk might be negotiated at the secondary market if it forms a small part of a larger portfolio comprising other negotiable instruments such as Ijarah Sukuk, Musharakah, and Mudarabah Sukuk certificates. University of Turin - Italy 2016-03 Article PeerReviewed application/pdf en http://irep.iium.edu.my/69128/1/69128-Murabahah%20Sukuk%20Structure%20The%20Shari%27ah%20Challenges%20and%20the%20way%20forward.pdf Adam Sa'ad, Auwal and Ibrahim, Uzaimah and Mohammad Deen, Mohd Napiah (2016) Murabahah Sukuk structure: the shari'ah challenges and the way forward. European Journal of Islamic Banking and Finance (4). pp. 1-4. ISSN 2421-2472 http://www.ojs.unito.it/index.php/EJIF http://dx.doi.org/10.13135/2421-2172/1641
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG3368 Islamic Banking and Finance
spellingShingle	HG3368 Islamic Banking and Finance Adam Sa'ad, Auwal Ibrahim, Uzaimah Mohammad Deen, Mohd Napiah Murabahah Sukuk structure: the shari'ah challenges and the way forward
description	Murabahah Sukuk is an Islamic trust contract which includes a disclosure of the original cost and the mark up. Murabahah in Islamic jurisprudence means a contract of sale for the equivalent price of the subject matter which includes its cost along with a known additional profit. The paper discusses issues related to Murabahah Sukuk financing. It also provides the structural overview of Murabahah in terms of Sukuk issuances. The paper highlighted three different ways of structuring Murabahah Sukuk, it looks into the structure of Murabahah for asset acquisition, Murabahah with Inah transaction and lastly Murabahah with tawarruq transaction. The paper concluded that according to the general rules of Shari’ah, Murabahah Sukuk should not be traded at secondary market due to the fact that it involved the sale of debt which is forbidden. However, Murabahah Sukuk might be negotiated at the secondary market if it forms a small part of a larger portfolio comprising other negotiable instruments such as Ijarah Sukuk, Musharakah, and Mudarabah Sukuk certificates.
format	Article
author	Adam Sa'ad, Auwal Ibrahim, Uzaimah Mohammad Deen, Mohd Napiah
author_facet	Adam Sa'ad, Auwal Ibrahim, Uzaimah Mohammad Deen, Mohd Napiah
author_sort	Adam Sa'ad, Auwal
title	Murabahah Sukuk structure: the shari'ah challenges and the way forward
title_short	Murabahah Sukuk structure: the shari'ah challenges and the way forward
title_full	Murabahah Sukuk structure: the shari'ah challenges and the way forward
title_fullStr	Murabahah Sukuk structure: the shari'ah challenges and the way forward
title_full_unstemmed	Murabahah Sukuk structure: the shari'ah challenges and the way forward
title_sort	murabahah sukuk structure: the shari'ah challenges and the way forward
publisher	University of Turin - Italy
publishDate	2016
url	http://irep.iium.edu.my/69128/ http://irep.iium.edu.my/69128/ http://irep.iium.edu.my/69128/ http://irep.iium.edu.my/69128/1/69128-Murabahah%20Sukuk%20Structure%20The%20Shari%27ah%20Challenges%20and%20the%20way%20forward.pdf
first_indexed	2023-09-18T21:38:07Z
last_indexed	2023-09-18T21:38:07Z
_version_	1777412958123458560

Murabahah Sukuk structure: the shari'ah challenges and the way forward

Similar Items