Combining sukuk with waqf for socio-economic development

Mohd. Zain, Nor Razinah and Syed Azman, Syed Marwan Mujahid and Engku Ali, Engku Rabiah Adawiah (2020) Combining sukuk with waqf for socio-economic development. In: Global Islamic Finance Report 2020-21. Cambridge Institute of Islamic Finance (Cambridge-IIF), London, UK, pp. 138-148. ISBN 978-0-9570932-8-7

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Abstract

Sukuk is one of investment securities generated from Islamic capital market (ICM) which receives a direct and an indirect influence from the growth of Islamic financial services industry around the globe. Currently, the growth of Sukuk is expected to recover in 2019 by rising up to US$87 billion after its slight declination to US$78 billion in 2018. It is forecast to raise towards US$100 billion in 2020 as reported by Moody’s Investors Service (The Edge Market, 2019). The growth of Sukuk was decreasing due to lesser issuances of global sovereign and supranational Sukuk. It also receives an impact from the fluctuated of oil prices. Such situation resulted to a declined of the issuances of global sovereign Sukuk by five per cent in 2018.

Item Type:	Book Chapter
Additional Information:	8634/88030
Uncontrolled Keywords:	Humanitarian sukuk, sukuk, waqf, humanitarian, refugees
Subjects:	BPH Islamic Economics > BPH437 Sukuk - Islamic Bond BPH Islamic Economics > BPH741 Waqf K Law > K720 Property Law K Law > KBP Islamic Law K Law > KBP Islamic Law > KBP1 Islamic law.Shariah.Fiqh
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:	03 May 2021 08:50
Last Modified:	03 May 2021 08:50
URI:	http://irep.iium.edu.my/id/eprint/88030

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