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Record Nr. |
UNINA9910818787903321 |
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Autore |
Safari Meysam |
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Titolo |
Sukuk securities : new ways of debt contracting / / Meysam Safari, Mohamed Ariff, Shamsher Mohamad |
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Pubbl/distr/stampa |
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Singapore : , : Wiley, , 2014 |
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©2014 |
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ISBN |
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1-119-02923-6 |
1-118-94375-9 |
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Descrizione fisica |
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1 online resource (235 p.) |
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Collana |
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Disciplina |
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Soggetti |
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Investments - Islamic countries |
Securities - Islamic countries |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Sukuk Securities; Contents; Preface; Acknowledgments; List of Tables; List of Figures; About the Authors; PART ONE The Foundation of Sukuk Securities; CHAPTER 1 Introduction to Sukuk Markets; Islamic (Participation) Debt Securities; The Origin of Sukuk Structures; Contemporary Sukuk Securities; How Sukuk Securities Are Priced; The Structure of This Book; CHAPTER 2 Sukuk Securities: Definitions, Classification, and Pricing Issues; Fundamental Principles; Definitions and Regulations; Classification Based on Practices; Conclusion |
CHAPTER 3 Pragmatic and Idealistic Approaches to Structuring Sukuk Shari'ah: The Basic Foundations of Islamic Finance and Sukuk; Sources of Shari'ah; Ijtihad; Islamic Financial Principles; Riba; Gharar; Three Approaches to Islamic Finance; The History of Sukuk; Sukuk Structures: Pragmatic and Idealistic Approaches; Shari'ah Requirements for Sukuk Structures; Sukuk Structures: A Pragmatic Approach; The AAOIFI Resolution: An Idealistic Approach; Conclusion; CHAPTER 4 Contract Design and the Structure of Common Sukuk Securities Issued to Date; Mudarabah (Partnership); Musharakah (Profit Sharing) |
Murabahah (Markup)Ijarah (Leasing); Salam (Futures); Istisna (Working Capital); Conclusion; CHAPTER 5 Samples of Sukuk Issued; Sukuk Simpanan Rakyat (Malaysia); Central Bank of Bahrain; Khazanah Nasional Berhad (Malaysia); Qatar Central Bank; Nakheel Sukuk (UAE); |
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Mahan Airline Company (Iran); Conclusion; CHAPTER 6 Contract Design and the Structure of Sukuk Securities Yet Issued; Wakalah (Agency); Manfaah (Usufruct); Muzarah (Farmland Leasing); Musaqah (Orchard Leasing); Muqarasah (Tree Leasing); Conclusion; CHAPTER 7 Sukuk Securities and Conventional Bonds |
Comparison of the Yields of Islamic Securities and Bonds Yield Curves; The Granger Causality Test for the Yields of Sukuk and Conventional Bonds; Conclusion; PART TWO Sukuk Securities in Practice; CHAPTER 8 Regulations with a Difference; Regulating Sukuk; The Accounting and Auditing Organization for Islamic Financial Institutions; The Islamic Financial Services Board; The International Islamic Financial Market; Conclusion; CHAPTER 9 Securitization, Trading, and Rating; Sukuk Trading; Sukuk Securitization as IPO; Disclosure; Special Purpose Company (SPC); Sukuk Rating Methodologies |
Standard & Poor's Moody's; Fitch; RAM; MARC; Conclusion; CHAPTER 10 Worldwide Sukuk Markets; The Geographical Location of Sukuk Securities; Country of Domicile; Issuing-Country Risk; The Effect of Geographical Location on Contract Specifications; Conclusion; CHAPTER 11 Regulatory Issues for Sukuk Financial Products; The Current Sukuk Market; Regulation and Shari'ah Issues in the Current Sukuk Market; Current Sukuk Structures; Disclosures in the Current Sukuk Market; Do Regulators Have a Role in Sukuk Structures?; Market Supervision; Possible Developments and Implications |
The Extension of Sukuk to the Retail Market |
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Sommario/riassunto |
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The essential guide to global sukuk markets worldwide Sukuk Securities provides complete information and guidance on the latest developments in the burgeoning sukuk securities markets. Written by leading Islamic finance experts, this essential guide offers insight into the concepts, design features, contract structures, yields, and payoffs in all twelve global sukuk markets, providing Islamic finance professionals with an invaluable addition to their library. The first book to fully introduce the market, this book provides a detailed overview of the sukuk market, with practical guidance toward |
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