1.

Record Nr.

UNINA9910457791703321

Autore

Al-Amine Muhammad al-Bashir Muhammad

Titolo

Global ṣukūk and Islamic securitization market [[electronic resource] ] : financial engineering and product innovation / / by Muhammad al-Bashir Muhammad al-Amine

Pubbl/distr/stampa

Leiden ; ; Boston, : Brill, 2012

ISBN

1-283-35665-1

9786613356659

90-04-20744-9

Descrizione fisica

1 online resource (481 p.)

Collana

Brill's Arab and Islamic law series, , 1871-2894 ; ; v. 6

Disciplina

332/.042

Soggetti

Securities (Islamic law)

Capital market (Islamic law)

Capital market - Law and legislation - Islamic countries

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Islamic finance development and growth -- Concept and development of the sukūk market -- Shariah basis for the development of sukūk structures -- sukūk structures and case studies (ijarah sukūk) -- Global profit- loss sharing sukūk structures (musharakah mudarabah wakalah) -- Securitisation and sukuk -- Governing law in sukūk structures -- Shariah compliance harmonisation and governance -- Risk factors in sukūk structures -- Rating sukūk.

Sommario/riassunto

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.