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An exploratory study on musharakah SRI sukuk for the development of waqf properties/assets in Malaysia

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dc.contributor.authorNor Syahirah Zain
dc.contributor.authorZulkarnain Muhamad Sori
dc.date.accessioned2021-04-26T04:48:36Z
dc.date.available2021-04-26T04:48:36Z
dc.date.issued2020
dc.description.abstractThis study aims to explore a sustainable and responsible investment (SRI) sukuk model based on musharakah that could be implemented to develop waqf properties and assets under the SRI sukuk framework in Malaysia. This includes proposing and designing a potential SRI sukuk model and seeking the opinion of subject-matter experts and industry practitioners on the model, its attractiveness to investors and its feasibility to implement in Malaysia. The study adopts desk research and semi-structured interview as its methodology. A desk research is where a detailed critical review and analysis of past literature from reports, journals, framework, books and practices are undertaken. To establish a SRI sukuk model, the paper also studies the cases of the first SRI sukuk issued in Malaysia and other waqf-related sukuks that have been structured for the development of waqf property/asset in the past. Following that, the opinion of subject-matter experts and industry practitioners on the proposed SRI sukuk model is sought in a semi-structured interview. Based on the interviewees response, the study proposes the most feasible SRI sukuk model that could be implemented in the Malaysian context for the development of waqf properties/assets, which is a musharakah-based sukuk model. The model will be elaborated based on the purpose of development, functionality, choice of Shari'ah contract, obligor and return mechanism.en_US
dc.identifier.citationZain, Nor Syahirah and Muhamad Sori, Zulkarnain. (2020). An exploratory study on musharakah SRI sukuk for the development of waqf properties/assets in Malaysia. Qualitative Research in Financial Markets, 12 (3), pp. 301-314.en_US
dc.identifier.doihttps://doi.org/10.1108/QRFM-09-2018-0099
dc.identifier.issn1755-4179
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3372
dc.languageEnglish
dc.language.isoenen_US
dc.publisherEmerald Publishing Limiteden_US
dc.rights2020. Emerald Publishing Limited
dc.sourceSEDONA
dc.subjectCorporate governanceen_US
dc.subjectIslamic financeen_US
dc.subjectEndowmenten_US
dc.subjectSocial responsible investmenten_US
dc.subjectSRI sukuken_US
dc.subjectWaqf properties/assetsen_US
dc.subjectFeasibilityen_US
dc.subjectSukuk musharakahen_US
dc.titleAn exploratory study on musharakah SRI sukuk for the development of waqf properties/assets in Malaysiaen_US
dc.typeJournal Articleen_US
dlc.maintopicIslamic financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic financeen_US
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