Chapter in Book

Post-default sukuk restructuring: an appraisal of Shari'ah issues

Ahmad, Abu Umar Faruq; Muneeza, Aishath; Farooq, Mohammad Omar; Hasan, Rashedul (2019)

Sukuk restructuring primarily aims at offering a debtor more latitude, in form and time, to settle his obligations. To meet Shari'ah requirements of transferring assets to Sukuk holders in asset-based Sukuk, the originator usually transfers the beneficial ownership to the issuer special purpose vehicles...

Chapter in Book

Blockchain and its Shariah compliant structure

Muneeza, Aishath; Mustapha, Zakariya (2019)

Islamic finance has gained momentum in the world today. Irrespective of faith conviction, it has been accepted as a mode of financing in the world. The development of Islamic finance was gradual in the past. At the initial stage of its development, Islamic finance was concerned more with Shariah compliance...

Chapter in Book

Effects of shadow economy on poverty in developed and developing countries

Nikopour, Hesam; Habibullah, Muzafar Shah; Din, Badariah H.; Baharom, Abdul Hamid (2019)

Poverty alleviation is at the top of the Millennium Development Goals' (MDGs) list of eight goals. In the year 2000, nearly all heads of states and governments met and reaffirmed their faith in the United Nations (UN) as necessary foundations of a more peaceful, prosperous and just world. At this meeting,...

Chapter in Book

Capital structure and Shari'ah compliance firms: Malaysian evidence

Abdul Halim, Asyraf; Abd Sukor, Mohd Edil; Bacha, Obiyathulla Ismath (2019)

In the literature of corporate finance, there exists alongside others, an age long inquiry into the behaviour and determinants of corporate capital structure. The study into capital structure behaviour was pioneered by Modigliani and Miller (1958, 1963) and which is still widely research today. Despite...