Sukuk and its wealth effect
Classical corporate finance theory considers capital market behavior crucial to understanding how to maximize firm value and shareholder wealth. How this is achieved has been debated extensively over the last century. It stands to reason though, that maximizing firm value requires effective investment decisions which in turn necessitates a valuable source of capital. This capital can be provided either internally or externally, each influencing the risk of the firm and initiating varied wealth effects.
Sukuk , Islamic bonds , Islamic debt certificates , Wealth , Islamic finance
Mahomed, Ziyaad. (n.d.). Sukuk and its wealth effect. CIWM Bulletin, Special Edition (2013-2015), pp. 26-29.