Introduction to sukuk Islamic debt securities markets
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This book is the outcome of a joint effort of a number of senior practising professionals as well as leading research scholars and educators in Islamic finance. The result is a reliable book on the subject of sukuk securities. Though this type of security is new ro modern Islamic finance, it has its historical roots some centuries earlier as a novel instrument developed in the Turkish Empire based on earlier practices of government treasuries to raise money. Sukuk securities were first offered just about 20 years ago as part of a slew of new Islamic financial products to fund activities mostly over a finite horizon, since these are financing contracts priced not by using interest rates but by using returns on profit sharing- based contracts and asset- backing for the finance provided.
Sukuk , Islamic debt , Islamic finance , Islamic securities markets
Ariff, Mohamed and Iqbal, Munawar and Ramadili Mohd, Shamsher Mohamad. (2012). Introduction to sukuk Islamic debt securities markets. In Mohamed Ariff, Munawar Iqbal & Shamsher Mohamad Ramadili Mohd (Eds.), The Islamic debt market for sukuk securities: the theory and practice of profit sharing investment (pp.1-8). Cheltenham, United Kingdom: Edward Elgar Publishing Limited.
Edward Elgar Publishing Limited