Browsing by Topic Islamic capital markets::Sukuk

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Showing results 14 to 19 of 19
  • shariah_issues_islamic_capital_markets_sukuk_al.pdf.jpg
  • Journal Article


  • Authors: Lee, Sze Lin; Lahsasna, Ahcene; Ahmed, Rubi (2013)

  • The purpose of this paper is to ascertain the prevailing Shari'ah issues in Islamic capital markets, particularly Sukuk. Common features of conventional bonds are replicated in Sukuk via late penalty payment upon default, trading of debt-based Sukuk, purchase undertaking in equity-based structures and ownership status in asset-based transactions. These features pose Shari'ah concerns and are discussed in the paper from the perspective of current practices and views of scholars by compiling various references that reveal the diversity of the Shari'ah. The paper does not claim to provide solutions to the issues of debate; rather it engages in providing an analysis of these Shari'ah issu...

  • sukuk securities their definitions.pdf.jpg
  • Chapter in Book


  • Authors: Ariff, Mohamed; Safari, Meysam; Ramadili Mohd, Shamsher Mohamad (2012)

  • Islamic securities are specially tailored financial products that conform to a given set of legal-common-law-based (shari'ah) financial transaction principles, which are deemed strictly applied when designing financial conctracting terms covering such products. These principles are quite different from those used in the design of conventional securities. Available in physical copy only (Call Number: HG 4651 I82I)

  • sukuk_securities_new_ways_debt_contracting_cover.jpg.jpg
  • Book


  • Authors: Safari, Meysam; Ariff, Mohamed; Ramadili Mohd, Shamsher Mohamad (2014)

  • This title provides complete information and guidance on the latest developments in the burgeoning sukuk securities markets. Written by leading Islamic finance experts, this essential guide offers insight into the concepts, design features, contract structures, yields, and payoffs in all twelve global sukuk markets, providing Islamic finance professionals with an invaluable addition to their library. The first book to fully introduce the market, this book provides a detailed overview of the sukuk market, with practical guidance toward applying these instruments in real-world scenarios. Available in physical copy and ebook (Call Number: HG 4651 S128)

  • islamic_debt_market_sukuk_securities_cover.jpg.jpg
  • Book


  • Authors: Ariff, Mohamed; Iqbal, Munawar; Ramadili Mohd, Shamsher Mohamad (2012)

  • The relatively new sukuk (or Islamic debt securities) markets have grown to more than US $800 billion over the past decade, and continue to grow at a rate of around 20-30 per cent per year. Arguably the first of its kind, this path-breaking book provides a unique reference tool relating to key issues surrounding sukuk markets, which are found in 12 major financial centres, including Kuala Lumpur, London and Zurich. The internationally renowned contributors present an in-depth study of sukuk securities, beginning with a comprehensive definition and history. They go on to discuss Islamic financial concepts and practices that govern how sukuk securities are issued, how markets are carefu...

  • PhD_wealth_effects_corporate_sukuk_announcements_Ziyaad_Mahomed.pdf.jpg
  • PhD


  • Authors: Mahomed, Ziyaad (2016)

  • This thesis evaluates the wealth effects of corporate Sukuk issuances, based on specific sample traits, for the three largest issuing countries: Malaysia, Indonesia and Saudi Arabia. The sample traits include underlying structure, size of issuance and tenor. Previous studies are inconclusive and relate mainly to Malaysian firms only. This could be attributed to the failure to incorporate the effects of Sukuk types, properly identified crisis period effects and market differences ... Available in physical copy and downloadable format (Call Number: t HG 4651 M216)

  • why_issuers_issue_sukuk_conventional_bond_evidence_malaysian_listed_firms_partial_adjustment_models_obiyathulla.pdf.jpg
  • Journal Article


  • Authors: Mohamed, Hisham Hanifa; Mohammed Masih, Abul Mansur; Bacha, Obiyathulla Ismath (2015)

  • Although sukuk has been dominating the Malaysian capital market, the motivations of the firms issuing sukuk or conventional bonds remained largely unexplored. Using the partial adjustment model, we make the initial attempt, to test a firm's target debt optimizing behavior and secondly, to find the firm specific determinants of target debt ratio using a sukuk or conventional bond issuance 3 dataset. Our sample consists of 120 conventional bonds and 80 sukuk issuers from 2000 to 2012. We employ two recent dynamic panel data estimators, 4 which resulted in three major findings. Firstly, our results provide stronger support for trade-off view based on a firm's optimizing behavior among su...

Browsing by Topic Islamic capital markets::Sukuk

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 14 to 19 of 19
  • shariah_issues_islamic_capital_markets_sukuk_al.pdf.jpg
  • Journal Article


  • Authors: Lee, Sze Lin; Lahsasna, Ahcene; Ahmed, Rubi (2013)

  • The purpose of this paper is to ascertain the prevailing Shari'ah issues in Islamic capital markets, particularly Sukuk. Common features of conventional bonds are replicated in Sukuk via late penalty payment upon default, trading of debt-based Sukuk, purchase undertaking in equity-based structures and ownership status in asset-based transactions. These features pose Shari'ah concerns and are discussed in the paper from the perspective of current practices and views of scholars by compiling various references that reveal the diversity of the Shari'ah. The paper does not claim to provide solutions to the issues of debate; rather it engages in providing an analysis of these Shari'ah issu...

  • sukuk securities their definitions.pdf.jpg
  • Chapter in Book


  • Authors: Ariff, Mohamed; Safari, Meysam; Ramadili Mohd, Shamsher Mohamad (2012)

  • Islamic securities are specially tailored financial products that conform to a given set of legal-common-law-based (shari'ah) financial transaction principles, which are deemed strictly applied when designing financial conctracting terms covering such products. These principles are quite different from those used in the design of conventional securities. Available in physical copy only (Call Number: HG 4651 I82I)

  • sukuk_securities_new_ways_debt_contracting_cover.jpg.jpg
  • Book


  • Authors: Safari, Meysam; Ariff, Mohamed; Ramadili Mohd, Shamsher Mohamad (2014)

  • This title provides complete information and guidance on the latest developments in the burgeoning sukuk securities markets. Written by leading Islamic finance experts, this essential guide offers insight into the concepts, design features, contract structures, yields, and payoffs in all twelve global sukuk markets, providing Islamic finance professionals with an invaluable addition to their library. The first book to fully introduce the market, this book provides a detailed overview of the sukuk market, with practical guidance toward applying these instruments in real-world scenarios. Available in physical copy and ebook (Call Number: HG 4651 S128)

  • islamic_debt_market_sukuk_securities_cover.jpg.jpg
  • Book


  • Authors: Ariff, Mohamed; Iqbal, Munawar; Ramadili Mohd, Shamsher Mohamad (2012)

  • The relatively new sukuk (or Islamic debt securities) markets have grown to more than US $800 billion over the past decade, and continue to grow at a rate of around 20-30 per cent per year. Arguably the first of its kind, this path-breaking book provides a unique reference tool relating to key issues surrounding sukuk markets, which are found in 12 major financial centres, including Kuala Lumpur, London and Zurich. The internationally renowned contributors present an in-depth study of sukuk securities, beginning with a comprehensive definition and history. They go on to discuss Islamic financial concepts and practices that govern how sukuk securities are issued, how markets are carefu...

  • PhD_wealth_effects_corporate_sukuk_announcements_Ziyaad_Mahomed.pdf.jpg
  • PhD


  • Authors: Mahomed, Ziyaad (2016)

  • This thesis evaluates the wealth effects of corporate Sukuk issuances, based on specific sample traits, for the three largest issuing countries: Malaysia, Indonesia and Saudi Arabia. The sample traits include underlying structure, size of issuance and tenor. Previous studies are inconclusive and relate mainly to Malaysian firms only. This could be attributed to the failure to incorporate the effects of Sukuk types, properly identified crisis period effects and market differences ... Available in physical copy and downloadable format (Call Number: t HG 4651 M216)

  • why_issuers_issue_sukuk_conventional_bond_evidence_malaysian_listed_firms_partial_adjustment_models_obiyathulla.pdf.jpg
  • Journal Article


  • Authors: Mohamed, Hisham Hanifa; Mohammed Masih, Abul Mansur; Bacha, Obiyathulla Ismath (2015)

  • Although sukuk has been dominating the Malaysian capital market, the motivations of the firms issuing sukuk or conventional bonds remained largely unexplored. Using the partial adjustment model, we make the initial attempt, to test a firm's target debt optimizing behavior and secondly, to find the firm specific determinants of target debt ratio using a sukuk or conventional bond issuance 3 dataset. Our sample consists of 120 conventional bonds and 80 sukuk issuers from 2000 to 2012. We employ two recent dynamic panel data estimators, 4 which resulted in three major findings. Firstly, our results provide stronger support for trade-off view based on a firm's optimizing behavior among su...