基本説明
The study discusses the various legal, Shariah, financial and operational risks facing Sukuk as well as the default controversies.
Full Description
The Sukūk market is the fastest growing segment of international finance. The study explores the dimension of this market, its growth globally and the main Sukūk markets. The liquidity in this market, the main currency denomination, the subscription diversification, the subprime crisis effects and the dominant structures are elaborated. The difference between sovereign and corporate Sukūk, the benefits and reasons behind Sukūk issuance as well as the Sharī'ah basis are analysed. Securitisation as the best way forward for Sukūk structuring is scrutinized. The study also discusses the various legal, Sharī'ah, financial and operational risks facing Sukūk as well as the default controversies. Finally the book examines the methodologies in rating Sukūk and highlights the issues of Sukūk listing, Sukūk index and Sukūk fund.
Contents
Acknowledgements
Abbreviations
Glossary of Arabic Terms
Introduction
I. Islamic Finance Development and Growth
II. Concept and Development of the Ṣukūk Market
III. Sharīʿah Basis for the Development of Ṣukūk Structures
IV. Ṣukūk, Structures and Case Studies
V. Global Profit- Loss Sharing Ṣukūk Structures
VI. Securitisation and Ṣukūk
VII. Governing Law in Ṣukūk Structures
VIII. Sharīʿah Compliance Harmonisation and Governance
IX. Risk Factors in Ṣukūk Structures
X. Rating Ṣukūk
Conclusion
Bibliography
Index
