Innovations of Sukuk in Global Finance Market: Some Considerations

Mohd. Zain, Nor Razinah and Adeyemi, Adewale Abideen and Engku Ali, Engku Rabiah Adawiah (2019) Innovations of Sukuk in Global Finance Market: Some Considerations. International Journal of Management and Applied Research. ISSN ISSN 2056-757X

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Abstract

Triggered by the progressive development of global Islamic financial services industry, a rapid expansion of Islamic capital market can be detected worldwide. Sukuk as one of sub-components in the Islamic capital market has captured interests from both of issuers and investors. Learning from the experience of conventional bonds, new innovations of sukuk can be traced. In catching up with economic and social factors, innovations of sukuk are progressively done. While sukuk is equipped with Shariah-compliant financing, greater flexibility in its operation and versatile forms of Islamic instruments for investors, some considerations must not be overlooked. This research qualitatively investigates the existence of innovations of sukuk in the global finance market and their importance to the modern societies. Additionally, some considerations in regards to the innovations of sukuk are presented. This research also looks into the best practices of Securities Commission Malaysia (SCM) in coping with the innovations of sukuk. Aiming for the continuous existence of Shariah-compliant in innovations of sukuk, such best practices should be used as examples.

Item Type:	Article (Journal)
Additional Information:	8634/72530
Uncontrolled Keywords:	Shariah-compliant, Sukuk, Innovations and Securities Commission Malaysia
Subjects:	H Social Sciences > H Social Sciences (General) K Law > K Law (General) K Law > KBP Islamic Law K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh K Law > KPG Malaysia
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Asst. Prof Nor Razinah Mohd. Zain
Date Deposited:	09 Jan 2020 09:55
Last Modified:	09 Jan 2020 09:55
URI:	http://irep.iium.edu.my/id/eprint/72530

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