Innovations of Sukuk in Global Finance Market: Some Considerations

Triggered by the progressive development of global Islamic financial services industry, a rapid expansion of Islamic capital market can be detected worldwide. Sukuk as one of sub-components in the Islamic capital market has captured interests from both of issuers and investors. Learning from the exp...

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Main Authors:	Mohd. Zain, Nor Razinah, Adeyemi, Adewale Abideen, Engku Ali, Engku Rabiah Adawiah
Format:	Article
Language:	English
Published:	International Journal of Management and Applied Research 2019
Subjects:	H Social Sciences (General) K Law (General) KBP Islamic Law KBP1 Islamic law.Shariah.Fiqh KPG Malaysia
Online Access:	http://irep.iium.edu.my/72530/ http://irep.iium.edu.my/72530/ http://irep.iium.edu.my/72530/1/P20%20-%20Innovations%20of%20Sukuk%20in%20Global%20Finance%20Market.docx

id	iium-72530
recordtype	eprints
spelling	iium-725302020-01-09T01:55:39Z http://irep.iium.edu.my/72530/ Innovations of Sukuk in Global Finance Market: Some Considerations Mohd. Zain, Nor Razinah Adeyemi, Adewale Abideen Engku Ali, Engku Rabiah Adawiah H Social Sciences (General) K Law (General) KBP Islamic Law KBP1 Islamic law.Shariah.Fiqh KPG Malaysia Triggered by the progressive development of global Islamic financial services industry, a rapid expansion of Islamic capital market can be detected worldwide. Sukuk as one of sub-components in the Islamic capital market has captured interests from both of issuers and investors. Learning from the experience of conventional bonds, new innovations of sukuk can be traced. In catching up with economic and social factors, innovations of sukuk are progressively done. While sukuk is equipped with Shariah-compliant financing, greater flexibility in its operation and versatile forms of Islamic instruments for investors, some considerations must not be overlooked. This research qualitatively investigates the existence of innovations of sukuk in the global finance market and their importance to the modern societies. Additionally, some considerations in regards to the innovations of sukuk are presented. This research also looks into the best practices of Securities Commission Malaysia (SCM) in coping with the innovations of sukuk. Aiming for the continuous existence of Shariah-compliant in innovations of sukuk, such best practices should be used as examples. International Journal of Management and Applied Research 2019-07-31 Article PeerReviewed application/pdf en http://irep.iium.edu.my/72530/1/P20%20-%20Innovations%20of%20Sukuk%20in%20Global%20Finance%20Market.docx Mohd. Zain, Nor Razinah and Adeyemi, Adewale Abideen and Engku Ali, Engku Rabiah Adawiah (2019) Innovations of Sukuk in Global Finance Market: Some Considerations. International Journal of Management and Applied Research. ISSN ISSN 2056-757X http://www.ijmar.org/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General) K Law (General) KBP Islamic Law KBP1 Islamic law.Shariah.Fiqh KPG Malaysia
spellingShingle	H Social Sciences (General) K Law (General) KBP Islamic Law KBP1 Islamic law.Shariah.Fiqh KPG Malaysia Mohd. Zain, Nor Razinah Adeyemi, Adewale Abideen Engku Ali, Engku Rabiah Adawiah Innovations of Sukuk in Global Finance Market: Some Considerations
description	Triggered by the progressive development of global Islamic financial services industry, a rapid expansion of Islamic capital market can be detected worldwide. Sukuk as one of sub-components in the Islamic capital market has captured interests from both of issuers and investors. Learning from the experience of conventional bonds, new innovations of sukuk can be traced. In catching up with economic and social factors, innovations of sukuk are progressively done. While sukuk is equipped with Shariah-compliant financing, greater flexibility in its operation and versatile forms of Islamic instruments for investors, some considerations must not be overlooked. This research qualitatively investigates the existence of innovations of sukuk in the global finance market and their importance to the modern societies. Additionally, some considerations in regards to the innovations of sukuk are presented. This research also looks into the best practices of Securities Commission Malaysia (SCM) in coping with the innovations of sukuk. Aiming for the continuous existence of Shariah-compliant in innovations of sukuk, such best practices should be used as examples.
format	Article
author	Mohd. Zain, Nor Razinah Adeyemi, Adewale Abideen Engku Ali, Engku Rabiah Adawiah
author_facet	Mohd. Zain, Nor Razinah Adeyemi, Adewale Abideen Engku Ali, Engku Rabiah Adawiah
author_sort	Mohd. Zain, Nor Razinah
title	Innovations of Sukuk in Global Finance Market: Some Considerations
title_short	Innovations of Sukuk in Global Finance Market: Some Considerations
title_full	Innovations of Sukuk in Global Finance Market: Some Considerations
title_fullStr	Innovations of Sukuk in Global Finance Market: Some Considerations
title_full_unstemmed	Innovations of Sukuk in Global Finance Market: Some Considerations
title_sort	innovations of sukuk in global finance market: some considerations
publisher	International Journal of Management and Applied Research
publishDate	2019
url	http://irep.iium.edu.my/72530/ http://irep.iium.edu.my/72530/ http://irep.iium.edu.my/72530/1/P20%20-%20Innovations%20of%20Sukuk%20in%20Global%20Finance%20Market.docx
first_indexed	2023-09-18T21:42:45Z
last_indexed	2023-09-18T21:42:45Z
_version_	1777413249170407424

Innovations of Sukuk in Global Finance Market: Some Considerations

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