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Innovation in Sukuk market: the case of Abu Dhabi perpetual Sukuk

Hasan, Aznan and Abu Samah, Zariah and Mohamed, Siti Hasmah and Zein Isma, Syaza Nawwarah (2013) Innovation in Sukuk market: the case of Abu Dhabi perpetual Sukuk. In: 1st ASEAN International Conference on Islamic Finance, 6 November - 07 November 2013, Institute of Islamic Banking and Finance (IIiBF). (Unpublished)

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The continuing innovations in Islamic finance has positively elevated the Islamic finance industry,especially for Sukuk or Islamic securities. Sukuk market is experiencing the most significant growth in relation to the other components of Islamic finance. There are numerous innovations in developing Sukuk structure, which has made it a popular financial instrument for raising capital/funding requirement via issuance of corporate Sukuk attached with attractive features and benefits for investors. In 2012, Abu Dhabi Investment Bank (ADIB) had successfully issued the world’s first Tier 1 perpetual Sukuk. The huge success recorded had lead to other similar perpetual Sukuk structure issued by Dubai Islamic Bank in 2013. The simplicity of the Sukuk structure coupled with transparent and favourable features attached to ADIB Sukuk are among the successful contributing factors.This paper will analyses and discuss the structure, salient features and operational mechanism of its “perpetual characteristic”. Being the first of its kind, this paper will also shades some light on potential Shariah issues for deliberation and consideration for future structuring of perpetual Sukuk

Item Type: Conference or Workshop Item (Other)
Subjects: H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
H Social Sciences > HG Finance > HG4501 Stocks, investment, speculation
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Dr Aznan Hasan
Date Deposited: 24 Jun 2021 09:21
Last Modified: 13 Jul 2021 09:06
URI: http://irep.iium.edu.my/id/eprint/35465

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